Shell Energy Entrepreneurs banner Yudala banner
12 Japanese firms storm Nigeria in search of investment opportunities

By News Express on 05/05/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 1,037

•Delegation leader, Japan’s Parliamentary Vice Chairman, Takei Shunsuke.
•Delegation leader, Japan’s Parliamentary Vice Chairman, Takei Shunsuke.

Japanese companies have indicated strong interest in Nigeria, with 12 of them presently in the country to sniff for possible investment opportunities.

The 12 private companies include trading houses, manufacturers, banks, insurance and relevant companies from all development sectors in Japan. They are part of a 32-man Joint Trade and Investment Mission to Nigeria received on Thursday in Abuja by Budget and National Planning Minister, Senator Udoma Udo Udoma. The delegation is led by Japan’s Parliamentary Vice Chairman for Foreign Affairs, Takei Shunsuke.

Speaking during the courtesy call on Senator Udoma, Mr. Shunsuke said that the Japanese trade delegation insisted on visiting Nigeria because Japanese companies strongly want to do business in Nigeria.

“According to a recent research on Japanese companies in Africa, they expressed positive thoughts on the considerable size of the Nigerian Market and the potential of Nigeria’s future economic growth,” he explained.

He emphasised development of key infrastructure particularly in the area of power and transportation which he said are crucial for economic investment and promotion. “We will like to strengthen our co-operation linking economic growth to such development and contribute to Nigeria’s sustainable economic and social development,” he said.

In this regard, Japan offered to send a research mission for the recovery of the deteriorating power station in Apapa, Lagos, because of its crucial importance of providing electricity to the major economic hub in Lagos. It also decided to provide $53 million as humanitarian assistance to internally displaced persons and refugees in the Lake Chad region, including the Nigeria’s North East region.

Mr. Shunsuke applauded Nigeria’s effort in improving the business environment in the country and lauds the country’s Economic Recovery and Growth Plan (ERPG), which he described as the key to the revival of the country’s economy. He therefore encouraged full implementation of the ERGP as it is key to the revival of the Nigerian economy.

“We will like to praise Nigeria’s effort in improving the business environment by adopting the economic recovery and growth plan in March. I expect economic relations between our countries will be promoted by such Nigerian government efforts,” he said.

The Head of the Private Sector Delegation, who is also the CEO for Europe, Middle East and Africa of Bank of Tokyo-Mitsubishi UFJ Limited, Mr Masahiro Kuwahara, spoke in the same vein. He said that Nigeria provides the largest market for Japanese businesses in Africa and remains Japan’s largest business partner in the continent in the oil and gas sector.

Receiving the delegation in his office, Senator Udoma told the visitors that the ERGP outlines measures that will improve Nigeria’s global competitiveness and make it the pre-eminent destination for investors and businessmen wishing to do business with Africa.

He explained that Nigeria is an attractive place for investors interested in investing in the Sub-Saharan Africa because it is geographically well situated for inter-regional trade connections within the sub-region and the rest of the world.

The Minister said Nigeria has abundant human and natural resources to support investment and industry as well as a huge market to absorb products and services.

To facilitate ease of doing business in the country, Senator Udoma said government has embarked on a number of policy realignments and has set up the Presidential Ease of Doing Business Council (PEBEC) to drive and monitor the process.

Government is also embarking on massive infrastructure development, particularly in the areas of power, rail and roads, aimed at reducing cost of doing business as well as tackling insecurity to protect lives and investment across the country.

Minister of State in the Ministry, Mrs Zainab Ahmed, said the list of private sector companies in the delegation shows how important the Japanese government has taken investment potentials inherent in Nigeria. She also appreciated the country’s generosity in assisting in humanitarian efforts in the North east and the Lake Chad region.

 

 

Source News Express

Posted 05/05/2017 2:06:10 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Look out for cluster bombs —Defence Headquarters

CISA warns against hostile foreign interference in 2015...

IGP meets with lawmakers, promises world-class policing

FG seeks traditional rulers’ support in promoting peace...

FG pledges to reform and reposition insurance industry...

U.S. Commander sees Al Qaeda Africa Group waxing...

FG approves concession of Lagos, Abuja airports

Buhari releases 500 prisoners in Kano; gives them...

Footballer killed during match in Ebonyi, others injured...

Petrol tanker explosion kills 14 in Niger State...

No plan to increase fuel price, says NNPC...

Sosoliso Crash and the Memory of LJC-60: We’ll...

 

Latest News NiMet predicts dust haze, mist/fog, sunny weather for Wednesday CHAN 2018: Super Eagles zoom to quarter-finals in grand style Tony Elumelu Foundation to create 1 million jobs Senate to investigate $137m corruption case in NNPC Mobil, Lagos family at war over lease agreement Fulani herdsman apprehends militant on jailbreak mission Asset declaration: Saraki’s trial resumes Feb. 6 500 junior police officers get motorcycles Reps probe IGP over unlawful arrest, detention of Elombah Brothers Lagos donates 30 power bikes to security agencies Our visit to Buhari unconnected with Obasanjo’s statement — Tinubu, Akande INEC sensitises Enugu communities on voters’ registration, accountability in governance

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (316,878 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (307,556 views) Shameless Genevieve Nnaji exposes breasts in public (245,884 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,996 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,565 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (180,173 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (156,281 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (140,688 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,461 views) Lagos plane crash: Journalist releases victims’ names (124,976 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (122,423 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (119,257 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,858) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (201) Entertainment (432) Features (542) Global Business Monitor (222) International (1,754) Interviews (139) Live Commentary (28) Love Matters (100) News (32,136) Opinion (870) Pidgin (10) Politics (4,373) Religion (667) Sports (1,411) Stock Watch (26) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!