FG welcomes investment by Silicon Valley Economic Development

The Federal Government has expressed strong support for fresh international investments being channelled into Nigeria through the efforts of the Silicon Valley Nigeria Economic Development (SV-NED), as it hosted a high-level delegation of investors from Vietnam in Abuja. Led by Mr. Allen Le Nam, Chairman of Allen Le & Partners, International Investment Consulting Joint Stock […]

The Federal Government has expressed strong support for fresh international investments being channelled into Nigeria through the efforts of the Silicon Valley Nigeria Economic Development (SV-NED), as it hosted a high-level delegation of investors from Vietnam in Abuja.

Led by Mr. Allen Le Nam, Chairman of Allen Le & Partners, International Investment Consulting Joint Stock Company, the delegation met with the Minister of Solid Minerals Development, Dr. Dele Alake, alongside SV-NED executives headed by HRH Queen Mother Ambassador Chief Amina Temitope Labinjo-Ajayi (JP).

Speaking after the closed-door meeting, Alake confirmed the government’s interest in the initiative and described the engagement as a welcome development for the country’s economic growth.

“We are delighted by the coming of Mr. Allen Le. We had a discussion with the delegation and SV-NED management. It is not yet time to open our discussions,” Alake was quoted in a statement.

Le pledged to mobilise multi-billion-dollar investments into Nigeria, particularly in sectors such as mining, green energy, aviation, and housing. He emphasised that the private sector should be recognised as the engine of national development.

“The government should make it easier for private sector players and foreign investors to bring in capital and technology. We’re looking at building infrastructure, supporting airline operations, renewable energy, and affordable housing,” he said. “I hope Nigeria can one day stand alongside countries like Canada and Vietnam.”

 

Le also praised the hospitality he received in Nigeria, describing the country as friendly and full of potential.

 

SV-NED Chairman Labinjo-Ajayi said the delegation’s visit aligns with President Bola Tinubu’s Renewed Hope Agenda, aimed at revitalising Nigeria’s economy through public-private partnerships and international collaboration.

 

“Our president, Asiwaju Bola Ahmed Tinubu, encouraged me to go and make Nigeria proud. This visit is a step in that direction,” she said.

 

“We can no longer depend on government alone. The private sector must play its role in nation-building.”

 

Mr. Kingsley Bede Onyeocha, Chief Executive Officer of Allen Lee & Partners, echoed similar sentiments, noting that Nigeria has the resources and human capital to become a leading investment destination.

 

“We’ve seen promising opportunities across several sectors and we’re proud to be part of the country’s growth story,” he said.

 

SV-NED says the engagement with international partners marks the beginning of a long-term investment drive focused on unlocking Nigeria’s economic potential.