Nigeria Open for Business, More Investment—Osinbajo

October 24, 2017
Nigeria Open for Business, More Investment—Osinbajo

By Dipo Olowookere

Vice President Yemi Osinbajo has Indonesian investors that Nigeria is open for business and more investment.

Mr Osinbajo said Nigeria will appreciate more investment in the agriculture and agro-allied sector, and also in palm oil research and production.

Speaking on Tuesday at a bilateral meeting with his Indonesian counterpart, Vice President Jusuf Kalla, on the sidelines of the Extractive Industries Transparency Initiative (EITI) Beneficial Ownership Transparency Conference in Jakarta, Indonesia, Mr Osinbajo said he would love Nigeria and Indonesia to work together to increase the level of economic cooperation between both countries.

“We are looking forward to more Indonesian investments especially in the manufacturing sector in Nigeria, trying to exploit our local raw materials,” the Nigerian Vice President said.

He also informed Mr Kalla that the Buhari administration has implemented reforms that have made the Nigerian business environment “a more favourable environment.”

In his own remarks, the Indonesian Vice President said his country was also ready for more economic cooperation with African countries, especially Nigeria.

Vice President Kalla also conveyed his greetings to President Muhammadu Buhari and asked after his health, to which Prof Osinbajo responded that the President was doing very well.

The Nigerian Vice President then expressed appreciation to the Indonesian government and extended greetings to President Joko Widodo.

Other issues discussed by the two Vice Presidents included how both countries can collaborate more in the Agriculture and agro-allied sector, and also in palm oil research and production.

Other issues discussed by the two Vice Presidents included how both countries can collaborate more in the Agriculture and agro-allied sector, and also in palm oil research and production.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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