Nigeria, Japan seek closer ties to deepen trade, others
FG seeks share of Asian tiger’s $30bn commitment for sustainable devt
The Federal Government has sought improved ties with Japan as part of measures to deepen trade and exploit opportunities under the $30 billion commitment for African countries under the Asian Tiger’s sustainable development plan.
Similarly, the Federal Government also assured Japanese investors of a safe and business friendly environment for their investments, noting that it has begun to improve the ease of doing business in the country.
The Minister, Industry, Trade and Investment, Dr. Okechukwu Enelamah, explained that though the country is going through trying times, the present administration is working relentlessly to identify areas where Nigeria can attract the much needed foreign exchange to carry out developmental projects for economic growth and stability.
The minister who was represented by the Executive Secretary, Nigerian Investment Promotion Commission (NIPC), Ms. Yewande Sadiku, during a business seminar organised by Japan External Trade Organisation (JETRO) however stated that there are more investment opportunities Nigeria and Japan can do considering the size of Japan, while adding that Nigeria is seeking increased trade and investment inflows from the country.
He said: ”There is a lot more that both countries can do together. The federal government is doing all it can to improve the ease of doing business in the country and it is as a result of this that government inaugurated the Presidential Enabling Business Environment Council (PEBEC) chaired by the Vice President, with objectives focused on making life more convenient for businesses in the country.”
Also speaking at the event, the Director General, JETRO Paris, Mr. Susumu Kataoka, added that at the Tokyo international conference on Africa development, the Prime Minster of Japan, announced its commitment to invest about $30 billion in Africa for the sustainable development in Africa especially in infrastructure, human resources development, technology, improvement of living conditions and regional stability.
He said the international conference had since started to create certain dynamism among the Japanese companies, saying that more Japanese companies are getting interested in doing new businesses in Nigeria or expanding their activities in other African countries.
“This is why I am here with the delegation of Japanese companies who are not yet fully based in this country, but are showing their interest in investing in this country. The Japanese private sector is now motivated in doing businesses here in Nigeria with a huge potential especially in terms of your population and the volume of the economy. The purpose of our visit here is to know the business environment and this seminar is step to further deepen the existing relationship between both countries”, he added.