Industry & Commerce

Minister assures investors of forex to buy machinery

Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, on Monday assured investors using local raw materials that they will get priority in foreign exchange allocation to buy machines and other equipment that are not readily available in the country.

This is as Greek businessmen seek the minister’s guidance on investment opportunities in Nigeria, according to a statement on Monday in Abuja by the minister, media aide, Ifedayo Sayo.

Speaking in his office in Abuja while hosting the Greece Ambassador to Nigeria, Mr. Ioannis Plotas, the minister said Nigeria is well endowed and that any willing investor would be assisted in every way to ensure the success of their investment.

Plotas told Adebayo that he was in his office, following requests by Greek businessmen interested in investing in Nigeria for information and guidance on investment opportunities in the country.

Adebayo told the ambassador that the Federal Government would assist foreign investors by an environment that is conducive for them to conduct their businesses.

The minister said the Federal Government would be happy if the Greek investors considered investing in the nation’s power sector.

Related posts

NEITI: Nigeria earned $741.48bn from oil, gas sales in 21 years

Our Reporter

Dangote Group begins installation of Rice factory in Kebbi

By Shile GIWA

Crown Flour Mills to inaugurate Bakers’ App, unveils Brand Ambassador for Mama Gold

By Shile GIWA

Increased trade activities post-lockdown to drive VLSFO demand’

Our Reporter

BPE to uphold core values—Okoh

Meletus EZE

Discos’ illiquidity, others may constrain implementation of NERC-ordered bilateral contracts with Gencos

Editor