Japan, Nigeria Strenghten Ties on Commerce, Industry, Mines & Agriculture

The Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) has expressed confidence on the positive response and willingness by the Japanese companies to partner Nigerian businesses.

The National President of the Association, Alhaji Muhammad Abubakar, made the disclosure at the Nigeria-Japan business forum held in Ikeja, Lagos.

The NACCIMA boss explained that the peculiar challenges of Nigerian business and investment environment like any other developing economies in the world have tremendously improved with numerous opportunities in Agriculture Manufacturing, solid mineral, Oil and Gas, Tourism, Electricity (power) and Telecommunication.

He therefore called on the visiting Japanese firms to take advantage of the existing numerous incentives and enter into long-term business relationship with their Nigeria counter parts.

Also speaking at the event, the Director- General of African Affairs in Ministry of Foreign Affair of Japan, Ambassador Yoshifumi Okamura said Japan is committed to building partnership with Nigeria especially in the area of energy, infrastructure and transport.

He expressed confidence that participants at the forum will benefit from the business opportunities that might arise from contact and the networking at the event. ‘I have a strong hope that business forum would also give us the opportunity to provide long lasting mutually beneficial business relationships through which we will get to know each other with new ideas and perspective’, he added.

In his remark also, the Permanent Secretary, Ministry of Foreign Affairs, Ambassador Uhomoibhi said the visit was in response to the federal government foreign investment drive, which was meant to stimulate economic growth and job creation.

He noted that in order to promote Foreign Direct Investment (FID), the federal government has strengthened relevant government Ministries and Agencies. The Permanent Secretary, who was represented by Director, Asia and Pacific division of the Foreign Affairs Ministry, Mrs. Adekunbi Osunaike, noted that Nigeria and Japan had enjoyed robust trade relation, adding that there was need to balance the gap as it favoured Japan more.

He also told the visiting firms that Nigeria is open to investment in agriculture, manufacturing, solid minerals, oil and gas, infrastructure, with each sector having its incentives to attract Foreign Direct Investment (FDI) into them. Other incentives include tax holiday, pioneer status, company income tax etc.

Twenty four Japanese firms are among the delegation on investment opportunities seeking mission. This was disclosed by the Nigerian Ambassador to Japan, Ambassador Godwin Agbo. Some of the firms are Kanglo-B9 Technologies Ltd; Mitsui & Co. Ltd; Mirai Denchi Inc; Imanaka Ltd; Japan Ecological Carbon Co Ltd; Sojitz Corporation amongst others.

By Crusoe Osagie

This Day/26/08/2013