• Wednesday, February 21, 2024
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Nigeria, Singapore investment collaboration will boost Nigeria’s economy

Nigeria investment

The Nigeria High Commissioner to Singapore, Nonye Rajis-Okpara, on Tuesday said that the investment collaboration between Nigeria and Singapore would enhance Nigeria’s economy.

Rajis-Okpara said this at the opening ceremony of the Nigeria-Singapore Business and Investment Forum (NSBIF) 2015 in Singapore.

She gave the theme of the 2015 forum as “Deepening Nigeria, Singapore Bilateral Relations”.

The High Commissioner said that the essence of the forum was to boost trade as well as promote bilateral relations between the two countries.

“Nigeria is the only country that investors get hundred per cent of their investments. The Federal Government of Nigeria is committed to improving its economy. No investors have ever regretted investing in the country.

“No investor goes to Africa without entering Nigeria,’’ Rajis-Okpara said.

She said the theme of the forum was chosen to accentuate the significance of the cordial relationship between both countries.

Rajis-Okpara said the 2015 NSBIF forum was part of Nigeria’s way of celebrating with Singapore on her Golden Jubilee of Independence Day, coming up on August 9.

She said Nigeria had reasons to celebrate 2015, having conducted a peaceful democratic election and successful hand over to President Muhammadu Buhari.

Rajis-Okpara said that for more than 10 years, the Nigerian economy had enjoyed over seven per cent growth yearly.

She urged the participants at the forum to tap into the opportunities provided by the leather products in Nigeria by investing in it.

Dr Mohamad Osman, the Minister of state, Ministry of National Development and Ministry of Defence in Singapore, said that the forum was aimed at fostering stronger trade and investment ties between Nigeria and Singapore.

Osman said that the forum had provided platforms for dialogue and business leaders to gain insights into opportunities in Nigeria and Singapore.

“The Forum has brought together both the public and private sector officials from Nigeria and Singapore to explore business and investment opportunities, aimed at beneficial business projects.

“The forum is an avenue for investors to meet one on one with the federal and state governments in Nigeria and also learn from the Singapore experience,’’ Osman said.