By Alex C
Investor confidence in the Nigerian economy is stronger than ever before despite reports of security challenges, foreign business delegations to Nigeria have said.
The State Secretary for Economic Affairs, Switzerland, Marie-Gabrielle Ineichen-Fleisch, who led a delegation of Swiss investors on an official visit to the Minister of Industry, Trade and Investment, Mr.Olusegun Aganga, said more Swiss companies were willing to invest in Nigeria on the back of stronger macroeconomic indices.
Ineichen-Fleisch said, “When we asked our business community and investors where we should go this year, the answer was very quick that we should go to Nigeria. Nigeria is the biggest economy in Africa with an impressive growth rate also driven by internal demand.
“It is an economy with a lot of young people, which is the big difference between the Nigerian economy and many economies in Europe. The Nigerian economy is the type of economy we in Switzerland will like to have stronger ties with in terms of trade and investment.”
The Vice-President, State Grid Corporation of China, Mr. Cheng Wei, who also led a business delegation to the Ministry said China was not disturbed by the current security challenge in Nigeria as its investment potentials far out-weigh the security challenge.
Responding, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said the renewed interest by Swiss companies to invest in Nigeria demonstrated the growing confidence of global investors in the Nigerian economy.