China, India, Mexico, and several other nations are gearing up to make new and substantial investments in Nigeria.

Date:

At the 2023 International Business Conference and Expo organized by the Lagos Chamber of Commerce and Industry with the theme ‘Invest Nigeria’, diplomats representing China, India, Mexico, and Indonesia expressed their commitment to further deepening their investments in Nigeria’s economy.

During the event, the Chinese ambassador, Jian Chun, highlighted China’s intention to strengthen its connection with Nigeria through sustainable investments. He pointed out that companies like Huawei had already started establishing a solid presence through strategic investments.

Shri Balasubramanian, the Indian Ambassador to Nigeria, emphasized India’s substantial investments over the past four decades, spanning pharmaceuticals, food, manufacturing sectors, totaling $19 billion. He revealed plans to venture into new areas such as renewable energy due to evolving demands.

Usra Harahap, the Indonesian Ambassador to Nigeria, identified Nigeria as a strategic partner in Africa, underscoring Indonesia’s intent to strengthen economic ties in various sectors.

Alfredo Miranda, the Mexican Ambassador to Nigeria, echoed the sentiment of strengthening economic relations between the two countries.

Lagos Chamber of Commerce and Industry President, Michael Olawale-Cole, emphasized the conference’s role in fostering discussions about the Nigerian economy and pinpointing investment opportunities.

Lagos State Governor, Babajide Sanwo-Olu, represented by Deputy Chief of Staff Gboyega Shoyanwo, stressed the importance of a robust investment landscape for ensuring sustainable development.

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