China, India, Mexico, others plan new investments in Nigeria

Bisola David
Bisola David
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Chinese, Indian, Mexican, and Indonesian ambassadors have stated that their governments will continue to invest in the Nigerian economy.

The envoys spoke during the International Business Conference and Expo 2023, which was held by the Lagos Chamber of Commerce and Industry and with the topic “Invest Nigeria.”

The Chinese ambassador to Nigeria, Jian Chun, stated in his speech that the Chinese government intends to strengthen connections with Nigeria through long-term investments.

He highlighted that numerous Chinese firms, such as Huawei, had already begun to strengthen their footprint in Nigeria through strategic investments.

India’s Ambassador to Nigeria, Shri Balasubramanian, stated that India has made investments in the pharmaceutical, food, and manufacturing sectors to the tune of $19bn during the last four decades.

“So, in Nigeria, there have been a lot of investments, a lot of projects over the last four decades,” he explained.

He stated that plans are currently in the works to invest in new areas such as renewable energy to meet the demands of our changing times.

The Indonesian Ambassador to Nigeria, Usra Harahap, hailed Nigeria as a critical partner in Africa. He stated that the Southeast Asian country would strengthen its connections with Nigeria, particularly in the economic sector.

Mexican Ambassador to Nigeria Alfredo Miranda, for his part, stated that his country would expand commercial ties with Nigeria.

In his opening remarks, the President of the Lagos Chamber of Commerce and Industry, Michael Olawale-Cole, stated that the conference presented an ideal opportunity to examine the Nigerian economy and identify investment opportunities.

Represented by his Deputy Chief of Staff, Gboyega Shoyanwo, Lagos State Governor, Babajide Sanwo-Olu, said that a vibrant investment landscape was essential for sustainable development.

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