The Netherlands-African Business Council (NABC) has announced that it will host the Nigerian-Netherlands Economic Summit which will be holding in The Hague between August 25 and 27, 2014.
In a statement signed by Cliff Ogbede, the NABC president in Nigeria, who is also the promoter of the forum, he said that the aim of the summit which will hold annually is to showcase Nigeria as a new frontier for investments particularly given the fact that Nigeria is the largest economy in Africa with impressive growth forecast.
The forum will encourage Dutch Small and Medium Enterprises to take advantage of the new Dutch Goods Growth Fund (DGGF) which is in excess of about EUR750 million earmarked by the Dutch government to support Dutch SMEs that are interested in the African market for them to see Nigeria as a prime destination.
The NABC, founded in 1946, believes that an increase in business activities with the transfer of expertise and knowledge to Africa will help tremendously to strengthen African economic development; therefore, the Dutch expertise in various key sectors of the economy will provide significant value to the sustainable development of the African continent.
According to Ogbede, “We are targeting a large portion of this DGGF fund to be invested in Nigeria, having seen the significant progress being recorded in the life of this present administration and the need to encourage more Dutch investments into Nigeria with priority on Small and Medium Enterprises participation which will help to stimulate economic growth, create a strong middle class through job creation and improve the well-being of Nigerians”.
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