Nigeria remains toast of investors – Swiss, Chinese delegations

ABUJA (Ministry of Industry, Trade and Investment Report)

The Minister of Industry, Trade and Investment, Olusegun Aganga recently in his office received a delegation of Swiss investors led by the State Secretary for Economic Affairs in Switzerland, Marie-Gabrielle Ineichen-Fleisch.

While speaking during the visit, Marie-Gabrielle noted that Foreign Business Investor confidence in the Nigerian economy is stronger than ever before, despite reports of security challenges.

The State Secretary further indicated that when the Ministry inquired from its business community and investors where they should go this year, the answer was very quick. “We should go to Nigeria,” they said. “Nigeria is the biggest economy in Africa with an impressive growth rate also driven by internal demands.”

Ineichen-Fleisch also stated that Nigeria has an economy with a lot of young people, which is the big difference between the Nigerian economy and many economies in Europe. Adding, the Nigerian economy is the type of economy which Switzerland will like to have stronger ties with in terms of trade and investment.

The Minister of Industry, Trade and Investment, Olusegun Aganga in his remarks commended the renewed interest by Swiss companies to invest in Nigeria, saying it demonstrates the growing confidence of global investors in the transformational leadership of President Goodluck Jonathan’s administration and the Nigerian economy.

In another development, Olusegun Aganga received a business delegation led by the Vice-President of the State Grid Corporation of China, Cheng Wei.

Cheng Wei in his address to the Nigerian President said that China is not disturbed by the current security challenges in Nigeria, indicating that Nigeria’s investment potentials far out-weigh its minor security challenge.