National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Kelvin Oye, has urged investors to tap into Nigeria’s strategic position as the gateway to Africa’s vast market base.

Oye, who is also the Chairman of the Organised Private Sector in Nigeria (OPSN) highlighted Nigeria’s economic significance as the continent’s powerhouse, characterised by a burgeoning private sector, a rapidly expanding consumer market, and a cultural richness that reflects its over 250 ethnic groups.

He spoke in Germany in a keynote address at the Third International B2B Conference, organised by the German Chamber of Commerce and Industry (DIHK) with the theme, “The World Meets in Giessen.”

According to him, Nigeria boasts of one of the largest economies in Africa, saying its diverse economic landscape includes sectors such as oil and gas, agriculture, telecommunications, and technology.

“Five of the eight African unicorns are Nigerian, highlighting the country’s position as a major hub for innovation and entrepreneurs.

“Nigeria hosts Nollywood, the third-largest film industry in the world, reflecting its vibrant culture and creativity, contributing significantly to both local and international economies.

“Nigeria’s geographical positioning offers access to several regional markets in West Africa, positioning it as a gateway for trade and commerce across the continent.”

He added that the African Continental Free Trade Area (AfCTA) offered foreign investors in Nigeria unparalleled access to the vast and growing African market, stressing that with a population of over 1.4 billion people across 54 countries, investors could leverage Nigeria’s strategic position to expand their reach and increase exports.