L
LequteMan
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Nigeria is building a stronger trade tie with Vietnam, as numerous companies in the Asian country are seeking to invest in different sectors of Nigeria's economy, the Nigerian-Vietnam Chambers of Commerce and Industry says.
Nigeria's yearly rice import bill from Vietnam has hit about $500 million (N84 billion), and Vietnam also spends about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria, according to President of the chamber, Prince Oye Akinsemoyin.
"The chamber is now looking at setting up institutions that will further foster the relationship between Nigeria and Vietnam; we are encouraging investors from Vietnam to make in road to Nigeria economy, companies like Viettel is willing to invest $7 billion into the Nigerian Telecommunication sector.
"Arrangement is already going on to avail them the opportunity to bid for the relevant spectrum to be able to operate as one of the telecom operators in the country.
“PetroVina is also interested in investing in the Exploration and Production (E&P) sub-sector of the country’s Oil and Gas sector, PetroVina is interested in the upstream and the midstream sectors. We are trying to attract investments that will be able to provide employment for Nigerians. The kind of investors that will be able to have multiplier effects on the Nigerian economy” he said.
#Nigeria #Vietnam #PetroVIna
Nigeria's yearly rice import bill from Vietnam has hit about $500 million (N84 billion), and Vietnam also spends about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria, according to President of the chamber, Prince Oye Akinsemoyin.
"The chamber is now looking at setting up institutions that will further foster the relationship between Nigeria and Vietnam; we are encouraging investors from Vietnam to make in road to Nigeria economy, companies like Viettel is willing to invest $7 billion into the Nigerian Telecommunication sector.
"Arrangement is already going on to avail them the opportunity to bid for the relevant spectrum to be able to operate as one of the telecom operators in the country.
“PetroVina is also interested in investing in the Exploration and Production (E&P) sub-sector of the country’s Oil and Gas sector, PetroVina is interested in the upstream and the midstream sectors. We are trying to attract investments that will be able to provide employment for Nigerians. The kind of investors that will be able to have multiplier effects on the Nigerian economy” he said.
#Nigeria #Vietnam #PetroVIna
