Business
Nigeria Woos Investors From Luxemburg
Nigeria’s Vice-President, Namadi Sambo, has urged Luxemburg to take advantage of the numerous opportunities in Nigeria to invest in the country. A statement by the Senior Special Assistant to the Vice President on Media, Umar Sani, said Sambo made the call at a bilateral meeting with the Deputy Prime Minister of Luxemburg, Assel Bom, in Istanbul, Turkey, on Saturday.
Sambo told the deputy prime minister that Nigeria had potential for rapid returns on investments.
The statement quoted the vice-president as saying that areas of investment included power, transportation, agriculture, health, education, finance, mine and steel, and housing.
Sambo used the opportunity to explain the efforts the government was making in each of the sectors.
The vice-president stressed the need for Luxemburg to establish an embassy in Abuja to speed up cooperation efforts.
Sambo also informed the deputy prime minister of the several bilateral agreements Nigeria signed with other countries.
The statement quoted Sambo as saying that a committee charged with looking critically at local refining had been inaugurated to increase the country’s refining and gas production capacity.
The deputy prime minister said he visited the country in 2007, adding: “Nigeria has the potential to lead other African countries and ensure rapid development of the region.’’
He promised to hold consultation with his country’s economic department to find ways of developing cooperation with Nigeria.
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