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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)

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.

Read: Nigeria, Netherlands collaborates to boost food production

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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