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Major European investors eye Nigeria’s market

By Ibe Uwaleke
28 September 2015   |   10:19 pm
Federal Government economic diversification agenda gets a boost as major European investors line up for Nigeria at the 18th Euro Finance Week conference in Frankfurt Germany in November.
Messe Frankfurt

Messe Frankfurt

Federal Government economic diversification agenda gets a boost as major European investors line up for Nigeria at the 18th Euro Finance Week conference in Frankfurt Germany in November.

The 18th Euro Finance Week conference slated to hold in Congress Messe Frankfurt, Germany from November 16 to 20, 2015 would play host to major European investors who have developed genuine interest to invest in Nigeria under the new leadership of President Mohammadu Buhari.

The President who is perceived to be a man of high integrity whose commitment to stamp out corruption, end insurgency in some parts of the country and reposition Nigeria for socio-political and economic growth is being applauded globally and attracting renewed attention to Nigeria.

Euro Finance week is the biggest European financial services sector conference which offers a platform for financial policy formulation, business and investment promotion and high level business match making and networking.
Apart from hosting several receptions for the World Economic Forum in Davos Switzerland, the Conference continues to play host to Presidents and Heads of government of several countries, having developed a strong relationship with major financial institutions including the World Bank and its subsidiaries,

In a statement issued this weekend in Abuja by Cliff Ogbede whose company Kleef and VTS is the official country partner of the 18th Euro Finance Week, said the acceptance by the German group to dedicate a special session for Nigeria at this year’s event, under the patronage of the Minister of Finance, Federal Republic of Germany and Minister President of State of Hessen is a big milestone for the country.

This plan became reality based on a renewed trust and hope for Nigeria under the present leadership, which would showcase the enormous potential of Nigeria at the week-long conference.
“This is expected to bring huge investible outflow from the EU countries which would help to stimulate economic growth and create jobs in the country,” Ogbede said.

Major speakers at this year’s conference include: The Minister President of State of Hessen H.E Dr Volker Bouffier, the Minister of Finance of Federal Republic of Germany, Dr Wolfgang Schaubble, the President of European Central Bank, Mr Mario Draghi, the Lord Mayor of City of Frankfurt, Peter Feldmann.

Others are the President European Investment Bank, Dr Werner Hoyer, Mr Dieter Lehmann, Managing Director of Volkswagen, Prof Dr Axel Weber, Chairman UBS Group Switzerland and Dr Jens Jens Weidmann, President of Deutsche Bank and several others.

Apart from Nigeria, this year’s Euro Finance Week conference would equally play host to countries of China, Iran and Turkey as these countries would be going to the event with their heads of government, director generals of key government agencies, industry regulators, heads of public and private corporations including important business leaders.

At the Nigerian session, critical areas of focus would be the following sectors: Agriculture/Agribusiness, Electricity-Renewables, Solid Minerals and Mining, Education, Skills Acquisition, Training and manpower development, Health Care, Housing, Financing-Banks, Insurance and Pensions Funds Management firms, Infrastructure and Industrial development.

We are excited about the new interests for Nigeria from the EU investors which shows that Nigeria, apart from being the most populous black nation in the world and the largest economy in Africa is now repositioned to attain economic greatness, having considered to diversify the economy from the non oil sector, which places the country as a prime destination for foreign direct investments within the continent of Africa.

We believe that the Nigerian delegation to the event will take advantage of this great opportunity to showcase potentials, thereby outlining government policies in terms of supporting FDI’s, ensure match making which will lead to signing up of new partnerships for the country”, Ogbede said.