Osinbajo: Nigeria open to foreign investments

Anule Emmanuel





ice-President Yemi Osinbajo has promised that Nigeria is open to more investment from foreign companies in the areas of construction, manufacturing, and technology.

The Vice President stated this yesterday when he received a Turkish business delegation led by Turkey’s Minister of Trade, Ruhsar Pekcan, at the presidential villa, Abuja.

Nigeria and Turkey have had bilateral relations for decades, and maintained close cooperation in international organizations.


According to Osinbajo, the country looks forward to greater cooperation between the two countries exploring other areas to deepen economic ties.


The Vice President said: “I think also that more opportunities will come for further interactions with Turkey, especially in the light of the African Continental Free Trade Agreement we just signed. I believe very strongly that this is an opportunity also for Turkey to participate fully in the African economies, in particular Nigeria’s economy.



“As you are well aware, several Turkish companies are already operating in Nigeria, in construction, manufacturing and other areas.”

Osinbajo explained that the Federal Government was looking forward to more foreign investment in Nigeria in different sectors.


In her remarks, the Turkish Minister of Trade said the Turkish government is looking forward to improving the bilateral trade volume between Nigeria and Turkey and deepening economic ties.

She noted that there were several Turkish companies already in Nigeria and Turkish investors willing to invest in different sectors in the country.

Pekcan also thanked the Nigerian government for its continued support in tackling the global threat of terrorism.


Senior government officials at the meeting included the Minister of Industry, Trade and Investment, Chief Niyi Adebayo; Minister of State for Foreign Affairs, Amb. Zubairu Dada; and the Executive Director/ CEO, Nigerian Export Promotion Council, Mr. Segun Awolowo.


Earlier, the Vice President received a delegation from the Law Students Association of Nigeria (LAWSAN), the umbrella body of all law students in the country.


During the meeting, Osinbajo, according to a statement made available by Senior Special Assistanton Media and Publicity, Laolu Akande, yesterday, said young Nigerians play very important roles in building the Nigerian enterprise and urged them to embrace opportunities to make those contributions.


Describing the Association’s innovative campaign, LAWSAN Goes to School, as laudable, the Vice President said he was impressed by the quality, scope of work and thoughtfulness behind initiatives being driven by the association. LAWSAN Goes to School is an outreach for creating awareness among Secondary School students on certain important aspects of the Law in the society.


He said, “You are concerned with not just law students, but students in secondary schools, that is really commendable. We need more instructions in our primary and secondary schools on civic responsibilities which is very important. Young people need to understand the part that they have to play in the whole Nigerian enterprise. More volunteers on the ground will be needed. Perhaps using more existing resources like members of N-Power programmes who are graduates of Nigerian universities.”

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