Is the Nigerian economy attractive enough for Japanese investors?
Yes, it is. Nigeria can swallow many African countries in terms of population and the economy. So, it’s a very attractive economy. You have oil and the human resources. That’s the advice I have been sending to Tokyo. Japan is moving to improve its economic relationship with Africa and Nigeria as one of the leading nations. Q: What will be the area of focus of this trade mission to Nigeria? A: The Nigerian economy is heavily dependent on oil. To strengthen it, diversification is important. The government should not just focus on the oil industry, it should also focus on the manufacturing industry and agriculture that can employ many people. I always advise my government to guide our private companies to transfer technology to Nigeria in various areas. For instance, Nigeria wants to develop its gas business and Japan has a top-class technology for development of gas. There are many Japanese cars on Nigerian streets, which makes automobile manufacturing also promising. So also are the are
