EU European companies to invest in Nigerian industries

Michel Arrion said that Nigeria is a investment dependent country and not an aid dependent country, so Nigeria has the ability to surmount the current economic challenges which resulted as a result of sharp decline in oil prices.

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European companies to invest in Nigerian industries play

European companies to invest in Nigerian industries

(EU)
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Michel Arrion, Head of Delegation and Ambassador of the European Union to Nigeria and West Africa during AfricaBuild, a 3 day conference and exhibition said that European companies are seeking to do business with key industries in Africa’s largest economy, Nigeria, so as to explore investment possibilities.

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He added that Nigeria is a investment dependent country and not an aid dependent country, so Nigeria has the ability to surmount the current economic challenges which resulted as a result of sharp decline in oil prices.

Arrion commended Babatunde Raji Fashola for his continuous efforts, adding all industries has a huge role to play, he emphasized on the need to diversify the economy and government’s revenue sources.

Read: 'Nigeria cannot devalue Naira or compete with developed nations,' Buhari says

I think it was a wise decision. We know that the minister has already identified strategic priorities in each of the sub-sector, which will give impetus to the economic development of the country and help create employment,” he said.

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