• Tuesday, July 16, 2024
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Japan Pledges support for NIPC to boost Nigeria’s FDI

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The Japan External Trade Organization (JETRO), a Japanese Government office for Trade and Investment has promised to work closely with the Nigerian Investment Promotion Commission (NIPC) to promote the country’s abundant investment opportunities to Japanese business communities in order to encourage investment in Nigeria, and boost foreign direct Investment,(FDI)

The Trade Commissioner and Managing Director of JETRO in Nigeria,  Taku Miyazaki  stated this on Thursday when he visited the Executive Secretary of the Commission,  Uju Aisha Hassan Baba in her office, while  calling  for closer collaboration to  increase investment inflow  from Japan to Nigeria, disclosing that currently there are 35 Japanese Companies operating in the country.

“JETRO and NIPC have been very cordial in their working relationship, but now is time to go further to develop our cooperation and collaboration, we must continue to work together in order to promote Nigeria to Japanese business community and to support Japanese Companies in Nigeria to tackle their challenges, to solve their problems and to expand their businesses”, he stated.

The JETRO Trade Commissioner who invited the Commission to participate in the 2nd African Investment Promotion Forum (AIPF) scheduled to hold in February stated that the Forum will provide an opportunity for the NIPC to meet with the larger Japanese Investment Community to market the abundant investment opportunities and encourage them to invest in the economy, stressing that there are not enough information on Nigeria and its investment opportunities in Japan.

He described Nigeria’s investment environment as very friendly and attractive, stressing that Japanese investors are ready to invest in the country, promising that “JETRO will work with NIPC to ensure that more investors from Japan are brought into Nigeria because is the preferred investment destination in Africa with large market”.

In her response, the Executive Secretary of the Commission, Uju Aisha Hassan Baba lauded JETRO for maintaining cordial working relationship and support for the Commission.

She maintained that the Commission is committed to ensuring that more Foreign Direct Investment (FDI) are brought into the country, adding that “We shall continue to collaborate with you in order to attract more investments from Japan to Nigeria”, reiterating  that one of the Policy Thrust of the present  administration is the diversification of the economy from Oil to Non-Oil Sectors which the Commission has been pursuing with vigour therefore, there is the need to partner with JETRO so as to promote the abundant Non-Oil Sectors investment opportunities to the outside world.

 

HARRISON EDEH