January 16, 2021

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Minister assures investors of forex to buy machinery

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Our Reporter

Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, on Monday assured investors using local raw materials that they will get priority in foreign exchange allocation to buy machines and other equipment that are not readily available in the country.

This is as Greek businessmen seek the minister’s guidance on investment opportunities in Nigeria, according to a statement on Monday in Abuja by the minister, media aide, Ifedayo Sayo.

Speaking in his office in Abuja while hosting the Greece Ambassador to Nigeria, Mr. Ioannis Plotas, the minister said Nigeria is well endowed and that any willing investor would be assisted in every way to ensure the success of their investment.

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Plotas told Adebayo that he was in his office, following requests by Greek businessmen interested in investing in Nigeria for information and guidance on investment opportunities in the country.

Adebayo told the ambassador that the Federal Government would assist foreign investors by an environment that is conducive for them to conduct their businesses.

The minister said the Federal Government would be happy if the Greek investors considered investing in the nation’s power sector.