Canadian investors are exploring options of investment in Nigeria.
Canada is exploring multiple options for investment in Nigeria, the country’s envoy said on Sunday.
Such venture should be in the area of infrastructure, transportation, and technology, the Canadian High Commissioner to Nigeria, Chris Cooter, said during a visit to Ogun state governor, Ibikunle Amosun in Abeokuta, the state capital.
The envoy, who inspected some road projects, accompanied by the governor, called for equitable distribution of developmental projects across Nigeria as a way out of the challenges confronting the African nation.
Mr. Cooter said Ogun State is one of the suitable places Canadian companies would be willing to invest their resources owing to the state’s geographical location, enormous markets and other endowments.
He said senior Nigerian officials, decision makers and business executives would converge in Canada next month for a conference that would introduce them to Canadian business and lay solid foundation between the two countries.
“For that conference, 200 to 300 Canadian companies and 200 or 300 from Nigeria will attend and we are going to lay foundation for a much more, better relationship not only for Nigeria but also the states,” Mr. Cooter stated.
He said Canadian companies had expressed interest in providing low cost technological solutions for students in the state.
“We have a long history of supporting education in Nigeria. We’ve been in Nigeria on agriculture. Part of what we talked about is the real important role of states like this one. I’ll be taking back to Canadian companies, that you can come to Ogun State, which has enormous markets – there are four to five million people – nearness to Lagos which has 22 million people; access to the sea; access to the ECOWAS region and to the other parts of Nigeria’ he said.
“We know some of the difficulties that Lagos has: overcrowding, pollution. If we make this one available, it will certainly be attractive” Mr. Cooter said.
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