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Published On: Fri, Oct 18th, 2019

Nigeria to explore further investment opportunities with UAE -Adebayo

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By Miriam Humbe

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo on Tuesday said Nigeria would explore more investment opportunities in the United Arabic Emirate, UAE.
The Minister disclosed this in his office in Abuja when he received the UAE Ambassador to Nigeria, Dr Fahad Al-Taffaq.
He said : “As a government, we hope to do more by ensuring that we increase the business figures between us”.
“We therefore seek cooperation of your government and its business stakeholders to encourage more of our ambitious business initiatives in the shores of UAE”.
“We are concerned that our two countries are working together in beneficial manners in the areas of trade and investment.
“President Buhari is keen about seeing how the trade and investment potential in Nigeria will attract key business oriented nations like the UAE”.
The ambassador in his earlier remark conveyed the congratulatory message of the UAE Government to the Minister over his recent appointment.
He said UAE had shown interest in investing in Nigeria due to its huge trade and human resources potential, adding that his country’s investment portfolios in Nigeria grew to 25% in 2019 from $1.2 billion in 2018.
He expressed hope that with the necessary legal framework put in place by the Nigerian government, more UAE investors would come to Nigeria.
Al-Taffaq who said he resumed duty in Nigeria in June 2018 described the Ministry of Industry, Trade and Investment as very important for UAE to work with in Nigeria.
He, therefore, used the opportunity to invite the minister to the “One Year Countdown to for Dubai Expo 2020” scheduled to hold in the UAE Embassy in Abuja on 20th 0ctober, 2019.

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