Come Let’s Do Business, Norway Begs Nigerian Investors
So, it now appears that Nigeria isn’t the only country that goes begging investors to come do business in Nigeria.
The Scandinavian country of Norway has extended an invitation to Nigerian businesses willing to establish useful business collaboration with leading Norwegian firms that may desire to invest in key sectors of the economy.
The Norwegian Ambassador to Nigeria, Jens-Peter Kjemprud, made this known in Lagos while speaking on the sidelines of a one-day stakeholders’ meeting tagged, ‘Doing Business with Norway’, aimed at promoting investment opportunities and incentives in Norway for prospective Nigerian investors.
Speaking at the event co-hosted by the Norwegian Embassy, the Nigerian-Norwegian Chamber of Commerce and Innovation Norway in partnership with Norwegian Seafood Council, the ambassador said that Nigeria was Norway’s biggest trading partner on the African continent, adding, “trade volume between Nigeria and Norway in 2017 was $30 billion,” with huge potential to do more.
He said: “We brought some important business actors in the Team Norway which is Norwegian Seafood Council and others to Nigeria for the purpose of business collaboration.”
Kjemprud said the country already had investment in the oil and gas sector and was looking at investing more in renewable energy, saying, “If Nigeria is going to improve on manufacturing, it needs to have a cheap stable power supply; if not, the manufacturing sector will not be competitive”.
He advised the government to facilitate investment in the sector, saying that proposing heavy tax on power equipment would act as a disincentive to investors.
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