Honorary Consul of Grenada in Nigeria, Bidemi Sonoiki, has urged Nigerian investors and entrepreneurs to explore emerging opportunities in Grenada.

He described the Caribbean nation as a strategic gateway for business expansion, trade, tourism and investment beyond Africa.

At a press conference in Lagos yesterday, after a working visit to Grenada, Sonoiki said the growing relationship between Nigeria and Grenada has created fresh prospects across aviation, tourism, real estate, healthcare, education, agriculture, logistics, financial services and digital innovation.

According to him, the partnership between both countries has evolved beyond historical and cultural ties into a strategic economic alliance focused on investment, commerce, innovation and sustainable development.

Sonoiki noted that bilateral relations had strengthened significantly since the establishment of the Honorary Consulate of Grenada in Lagos in 2022, leading to the creation of the Nigeria-Grenada Chamber of Commerce, increased private-sector engagement and enhanced cooperation in healthcare, education and economic development.

He highlighted Grenada’s visa-free policy for Nigerians as a major boost to business travel, tourism, educational exchanges and investment exploration.

The envoy also disclosed ongoing efforts to establish direct air connectivity between Nigeria and the Caribbean, expressing optimism that the initiative could materialise within the next six months.

He maintained that direct flights would significantly improve trade, facilitate cargo movement, strengthen tourism and unlock new commercial opportunities across both regions.

Sonoiki described Grenada as a stable and investor-friendly economy, supported by a parliamentary democracy, a currency pegged to the United States dollar and membership of the Caribbean Community (CARICO)

He identified aviation, real estate, agriculture and agro-processing as key sectors offering significant investment potential.

Grenada, widely known as the “Spice Isle” of the Caribbean, is a leading producer of nutmeg, mace and other spices, creating opportunities for value-added processing and export-oriented agribusiness ventures.

The healthcare sector, he added, is also attracting growing interest following the deployment of Nigerian medical professionals to Grenada under the Nigerian Technical Aid Corps programme, opening avenues for collaboration in healthcare delivery, training and medical technology.

He further pointed to opportunities in education, fintech, renewable energy, logistics and digital innovation as Grenada seeks to diversify its economy and attract new sources of foreign investment.

Sonoiki observed that economic engagement between Africa and the Caribbean is gaining momentum, with Africa’s trade volume exceeding $1.4 trillion in 2024 and trade between Africa and the Caribbean estimated at about $729 million.

“We want Nigerian investors to see Grenada not simply as a Caribbean destination, but as a strategic business platform. The opportunities span tourism, real estate, healthcare, agriculture, education, fintech, logistics and renewable energy. For businesses seeking growth beyond traditional markets, Grenada offers access, stability and significant long-term potential,” he said.

He added that the Honorary Consulate of Grenada in Nigeria would intensify efforts to facilitate investment missions, business forums, trade partnerships and institutional collaborations aimed at unlocking the full economic potential of the bilateral relationship.

“The future of Nigeria-Grenada relations is exceptionally promising. Our goal is to create a framework that enables businesses, investors and entrepreneurs from both countries to build meaningful partnerships, drive innovation and generate sustainable prosperity. The opportunities are real, and the time to engage is now,” Sonoiki said.