Nigeria is working with the Private Sector to boost the manufacturing sector and will be engaging with international partners and friendly nations to realize that goal, Vice President Yemi Osinbajo has said.
Osinbajo spoke on Tuesday at the ongoing World Economic Forum in Davos while meeting with a delegation of the Japan External Trade Organization, JETRO, led by Hiroyuki Ishige, the organization’s Chairman, and CEO.
“Nigeria and Japan should be doing more, far more based on the existing long relationship and trade between both countries,” the Vice President stated while noting that this would be to the mutual benefits of both countries.
He said manufacturing is one sector that Nigeria and Japan can work together and deepen their economic relations.
“Nigeria, the largest economy in Africa will be getting involved in the manufacturing global chain and it would be private sector led, the government would be backing it up,” The VP said.
“Nigeria and Japan should be doing more, far more based on the existing long relationship and trade between both countries,” the Vice President stated while noting that this would be to the mutual benefits of both countries.
He said manufacturing is one sector that Nigeria and Japan can work together and deepen their economic relations.
“Nigeria, the largest economy in Africa will be getting involved in the manufacturing global chain and it would be private sector led, the government would be backing it up,” The VP said.
He cited the example of the Special Economic Zones, SEZ, which are being set up in the country, adding that the zones would have all the needed infrastructure.
“We will provide world-class infrastructure and this is a good opportunity for investors around the world to tap into, an opportunity to do some game-changing projects, to do something big,” Osinbajo said.
Earlier in his presentation at the meeting with the Vice President on the sidelines of the WEF, JETRO’S Chairman Ishige noted the rise of Japanese firms in Africa, the country’s readiness to promoting business in Nigeria and supporting Nigeria’s export promotion.
Also on Tuesday, the Vice President participated in the WEF’s solo video message recording on the conference’s theme “Shared Future in a Fractured World”, where heads of governments, business leaders answer one question around economic development sent in from the global public.
“We will provide world-class infrastructure and this is a good opportunity for investors around the world to tap into, an opportunity to do some game-changing projects, to do something big,” Osinbajo said.
Earlier in his presentation at the meeting with the Vice President on the sidelines of the WEF, JETRO’S Chairman Ishige noted the rise of Japanese firms in Africa, the country’s readiness to promoting business in Nigeria and supporting Nigeria’s export promotion.
Also on Tuesday, the Vice President participated in the WEF’s solo video message recording on the conference’s theme “Shared Future in a Fractured World”, where heads of governments, business leaders answer one question around economic development sent in from the global public.
Other leaders who participated in the video earlier today included French President Mr. Emmanuel Macron and the Prime Minister of Norway Erna Solberg.
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