FG urges relocated Japanese coys back to Nigeria

The Minister of Labour and Employment, Dr Chris Ngige has appealed to the Japanese Ambassador to Nigeria, Mr. Sadanobu Kusaoke to woo back Japanese companies that left Nigeria for Ghana and other African countries. He said investment climate in Nigeria has improved with the firm measures taken by this administration to shore up power supply, […]

The Minister of Labour and Employment, Dr Chris Ngige has appealed to the Japanese Ambassador to Nigeria, Mr. Sadanobu Kusaoke to woo back Japanese companies that left Nigeria for Ghana and other African countries.

He said investment climate in Nigeria has improved with the firm measures taken by this administration to shore up power supply, tackle corruption and improve the safety of lives and property. 

Ngige said this when he received  the Japanese Ambassador in  his office Friday.    

 He said that the era where foreign investors lose their investments to fraudsters is over as government has ensured adequate protection for their investments and profits.

“Look at the potentials in our huge rubber belt across Nigeria for example. Michelin was here but relocated to a neighbouring country but the opportunities for brighter business prospects is still better in Nigeria. These companies will surely do better here under the environment we are creating,”he said.

Ngige said Nigeria would learn from the resilience of the Japanese to overcome the present economic challenges, urging Japan to fully tap into the improved investment climate in Nigeria.

The minister urged the ambassador to increase the number of Nigerians billed for participation in the yearly training programme from 50 to 1000 so as to have a meaningful impact on a large population like Nigeria.  

Earlier in his remark, Mr  Sadanobu Kusaoke pledged Japan’s more active role in Nigeria’s economic diversification programme through the expansion of its businesses into agriculture and mining.