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BUSINESS & ECONOMYINTERNATIONAL

Netherlands Looks to Increase Investments in Nigeria

The Dutch ambassador to Nigeria, Mr. Johannes Maria, has revealed that the volume of trade between Nigeria and the Netherlands in 2014 was worth €7 billion, and that the country is planning to increase its investment in strategic sectors of Nigeria’s economy.

According to him, companies in the European country are showing increasing interest in investing in Nigeria, while still noting that the volume of trade between the two countries last year was encouraging.

The ambassador made this known at a business luncheon organised by the Nigeria-Netherlands Chamber of Commerce, where he was represented by the Head, Lagos Office, Embassy of Netherlands, Mr. Mitchel Deleen.

As part of the European country’s commitment to Nigeria, Maria stated that the Dutch government had set up the Dutch Withdrawal Fund to support upcoming Nigerian entrepreneurs.

The ambassador said the two countries would benefit immensely from the planned increased economic activities as more jobs would be created, among other benefits.

Maria identified the areas of focus to include agro business and urbanisation, among others

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