Monday, 7 October 2013

Nigeria holds talks with Japan on $32bn pledge

Nigeria on Monday held talks with Japan on its $32 billion pledge to support growth and investments in Africa, the News Agency of Nigeria (NAN) reports.
Samuel Ortom, the minister of state for industry, trade and investment, on Monday in Abuja led the talks with the Japanese ambassador, Rywichi Shoji.
Shoji told newsmen after the meeting that the talks focused on critical investment issues including steps needed to be taken by Nigeria to access the fund, as well as the need for a bilateral investment protection agreement between Nigeria and Japan.
The ambassador said the agreement was important to guarantee adequate protection for Japanese investors in Nigeria.
He said, “During the fifth Tokyo International Conference on African Development (TICAD) held in Yokohama recently, the Japanese government announced a financial aid package to support development in Africa.
“Now, we at the Japanese embassy here in Nigeria are working hard to deliver this commitment to the country.
“A major emphasis of this commitment is to promote trade and investment and to support African development.
“This ministry is one of the most contact points of the Japanese embassy in the process of follow-up on the TICAD pledge”, Shoji said.
Source: BusinessDay

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