Returns on investments from Nigeria unmatched globally, FG tells Turkish bizmen
The Federal Government yesterday told a Turkish business delegation to Nigeria that returns on investments being recorded in the country is unmatched any where in the world.
Speaking at a meeting with the delegation hosted by the Abuja Chamber of Commerce and Industry (ABUCIMA), the Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Uju Aisha Hassan Baba, told the delegation that Nigeria has huge untapped natural resources in addition to vast lands that are fertile for farming activities.
government is encouraging investments in these areas and there are high returns on investments in Nigeria which is unmatched any where in the world,” she said.
The NIPC boss, who was represented at the meeting by the Director of Overseas and Domestic Operations, Ladi Katagum, said Nigeria is strategic to the West African market through the Economic Community of West African States (ECOWAS).
She revealed to the prospective investors that the country has investment incentives such as zero percent duty for importation of mining equipment.
The Turkish Ambassador to Nigeria, Hakan Cakil, said his country has a long lasting business relations with Nigeria as it is the number one trading partner of Turkey in the Sahara.
He said as at last year, the value of trade relations between Turkey and Nigeria totaled $2.5bn, largely to the favour of Nigeria.
He acknowledged that Turkish citizens residing in Nigeria and operating over 40 companies are doing well and making returns.
“We are with Nigeria and we will continue to be with Nigeria forever,” the Ambassador said.
He told the meeting that the comparative business advantages of Nigeria, in terms of size and position in Africa ,was the basis for the business relations.
The President ABUCIMA, Mr. Tony Ejinkeonye, urged Turkish business delegation to the country to invest in Abuja as it is the fastest growing city in the country.
Welcoming the delegation to the Chamber, Ejinkeonye told the delegation that Abuja had seen population explosion in the last 10 years, an indication that investments in the city will yield returns.
Making case for collaboration between the Chamber and the delegation, he said the Chamber has over 2000 members, mostly from the Small and Medium Enterprises (SMEs) across the nation’s capital.
He told them that Turkey has a variant business presence in Abuja, including hospitals and schools.
From left: Registrar/CEO, Chartered Institute of Personnel Management (CIPM), Mr Sunday Adeyemi; Vice President CIPM, Mr Udom Inoyo; and President/Chairman of Council CIPM, Mr. Anthony Arabome, during the institute’s 47th Annual National Conference opening ceremony in Abuja yesterday.