“Apart from being the most populous country in Africa, Nigeria also has the continent’s largest economy, accounting for over 20% of continental GDP. The Nigerian private sector has undertaken large path-breaking investments in the country in agriculture, manufacturing, petrochemicals, finance, telecommunications and the digital economy,” he added.In terms of market viability, Prof. Osinbajo noted that Nigeria continues to rank very high.
“We are on course to become the 3rd largest national market, based on headcount, by the year 2050. We are already the largest financial market in Africa with market capitalization in excess of US$50 billion as at the end of last year.” “There is also the unconditional remittance of investment capital and profits, as well as tax and duty incentives for investors. Other incentives, including those that pertain to individual sectors, are well detailed in a ‘Compendium of Investment Incentives in Nigeria’ produced by the Nigerian Investment Promotion Commission and our tax authority, the Federal Inland Revenue Service.”
“Similarly, we emerged as one of the only two African countries to be named among the top 10 most improved economies in the world by the World Bank.” In separate remarks, the Vietnamese Minister of Agriculture and Rural Development, Mr. Le Minh Hoan, and the VCCI Chairman, Pham Tan Cong, who were at the Chamber of Commerce event stated strong commitments towards collaborating more with Nigeria across different sectors, especially in agribusiness, an area where both countries share similarities.
Prof. Osinbajo urged the company to invest in Nigeria, noting that the country’s tech-savvy youth population, huge market, among other potential, make Nigeria the best place for investment in Africa, especially in the tech space.
APC will live to regret their madness for not choosing this man.
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