Nigeria, Poland Strengthen Investment Ties

Dycha, who spoke during Polish-Africa Economic Forum (POLAFRO) in Abuja,said that agriculture, which is the main source of growth in Poland can be an engine for further cooperation between Poland and Nigeria.

“Nigeria has citizens with unique agricultural skills who can be the source of further growth and economic diversification with the technological experience of Poland which we are willing to share with Nigeria. We can build a new big powerful engine of economic growth in Nigeria… we did it in Poland and together, we can do it in Nigeria.” he said.

He noted that Polish economy is growing at an annual rate of 4% since 2004 and that export of Agricultural products from Poland has grown from €5b in 2004 to €22 in 2014 while inflation rate has declined from over 600% in 1990 to less than 1% at present.

Also speaking at the Forum, the former polish MP and President, African Institute, Hon. John Godson while elaborating the benefits of the new partnership for both countries said that Nigeria, as the largest economy in Africa and 25th largest economy in the world is unique for such an investment opportunity.

‘”Nigeria has a huge population, enormous potential for growth and diversification, a vibrant, young and entrepreneurial population desirous of achievement and betterment and Poland on their own part, is the 7th largest economy in the EU, 23rd largest economy in the world, a member of the European Union which give Nigeria access to a market of over 500 million people and also the only country in the European union to not have experienced economic crisis.’’ he said.