Federal Government on Monday called on investors from Tunisia to form strategic alliances with investors from Nigeria to set up businesses in the Nigerian economy, with a target on the manufacturing sector.
Minister of industry, trade and investment, Okechukwu Enelamah, said this in Abuja at the Nigerian-Tunisian Business forum held in Abuja.
Present at the event was the minister of foreign affairs, Geoffrey Onyeama; the Tunisian minister of foreign affairs, Khemaies Jhinaoul; the Executive Secretary, Nigerian Investment Promotion Commission, Yewande Sadiku, and representatives of about 230 companies from Tunisia and Nigeria.
Enelamah called on the investors to take advantage of the current reforms in the economy to invest in key sectors such as power, manufacturing, transportation, infrastructure, tourism, information communications technology and banking.
He said under the Economic Recovery and Growth Plan, the Federal Government had identified priority areas where investors could take advantage of, and gave the priority areas as oil and gas, manufacturing, agriculture and transportation.
To underscore the importance of the government’s drive to grow the economy, the minister said President Muhammadu Buhari on Tuesday launched the ERGP focussed labs.
He said the focussed labs were strategic in the implementation of the growth plan.
Represented by the ermanent Secretary in the ministry, Edet Akpan, he said, “Nigeria is the best place for Tunisia to invest. The focus of the Nigerian government is to diversify the economy to non-oil sector and this has created an opportunity for Tunisia investors.
“We have the right policies and incentives to attract investors and we encourage you to ensure the free flow of investment to Nigeria.”
In his comment at the event, Onyeama said that the ministry would continue its drive to inform the world about the business opportunities in Nigeria.
He said the era when countries conduct trade in a restrictive manner is over, saying, “We want to increase our level of cooperation by increasing commercial relations.
“The era of hostilities in global trade is gone and we hope that internationally, promotion of trade and reduction in barriers and tariffs will be the norm.
“We want to promote more freer trade and avoid protectionism and our meeting with Tunisia here is a good demonstration that we believe in free trade.”
In her presentation at the event, Sadiku said there are huge investment opportunities in agriculture, transportation, solid minerals and manufacturing sectors of the economy.
She assured that the government is working to improving the country’s rating in the area of ease of doing business.