Ambassadors from China, India, Mexico, and Indonesia have expressed their commitment to further deepen their countries’ investment in the Nigerian economy. They made these statements at the International Business Conference and Expo 2023 organized by the Lagos Chamber of Commerce and Industry (LCCI), under the theme ‘Invest Nigeria’.
Chinese Ambassador to Nigeria, Jian Chun, emphasized that the Chinese government is dedicated to strengthening its ties with Nigeria through sustainable and strategic investments. He highlighted that numerous Chinese companies, including Huawei, are already establishing a strong presence in Nigeria by investing strategically.
India’s Ambassador to Nigeria, Shri Balasubramanian, highlighted India’s substantial investments in Nigeria over the past four decades, spanning various sectors such as pharmaceuticals, food, and manufacturing, totaling $19 billion. He mentioned plans to invest in new areas like renewable energy, responding to the evolving demands of the times.
The Indonesian Ambassador to Nigeria, Usra Harahap, identified Nigeria as a strategic partner in Africa and expressed the intention to enhance economic ties between the two countries, particularly in the economic sector.
Alfredo Miranda, the Mexican Ambassador to Nigeria, affirmed Mexico’s commitment to strengthening economic relations with Nigeria, aiming to create mutual benefits through increased investment and collaboration.
During the conference’s opening remarks, Michael Olawale-Cole, President of the Lagos Chamber of Commerce and Industry, highlighted that the event provided an excellent platform to discuss the Nigerian economy and identify investment opportunities. Lagos State Governor, Babajide Sanwo-Olu, represented by Deputy Chief of Staff Gboyega Shoyanwo, emphasized the significance of a vibrant investment landscape for achieving sustainable development.
The envoys’ assurances of deepening investments underscore the growing interest of these countries in Nigeria’s economic potential, as well as their commitment to fostering strong economic ties and collaborations for mutual benefit.
