Nigerian Vice President begins 3-nation tour to promote business and investments Updated for 2021

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Updated: February 28, 2021


Nigerian Vice President, Yemi Osinbajo, would be embarking on a three-nation tour on Sunday to promote business and investments in Africa’s most populous country.

He would first address a group of notable German business leaders in Berlin on Monday, December 10.

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There, he would be speaking on the potential of the Nigerian market and the gains recorded by the country through its ease of doing business reforms, Laolu Akande, his spokesman said in a statement he sent to TODAY NEWS AFRICA in Washington DC. 

Akande said “the Buhari administration’s ease of doing business reforms has helped in improving the country’s ranking in the World Bank’s Doing Business Index 2017, where Nigeria climbed up 24 places and was listed among the 10 most reformed economies globally”.

He also pointed to the World Bank’s report that Nigeria has made significant progress across several indicators; including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

The Berlin business interactions with VP Osinbajo is jointly organized by the Nigerian Embassy in Berlin and the German-African Business Association (Afrika-Verein).

It comes after German Chancellor Angela Merkel’s visit to Nigeria in August.

During the trip, the Vice President would, among other engagements, meet with key German financial sector executives with interest in investing in Nigeria, and others business leaders in sectors, including agricultural seeds production, technology and renewable energy.

From Germany, Mr Osinbajo would travel to London, UK, on Tuesday, December 11, where he will feature at the Royal Society at an investment forum hosted by Jeune Afrique Media Group themed “Investing in Africa”.

From there he would proceed to Cairo, Egypt, where he would be representing President Muhammadu Buhari later in the week at the First Intra-African Fair (IATF), which will be taking place in Cairo from 11th – 17th December, 2018.

“At the IATF Nigeria Day programme, the Vice President would be delivering the keynote address. The Fair is being organized by the African Export and Import Bank (Afreximbank), in collaboration with the African Union (AU) to boost intra-African trade,” Akande said. 

The Vice President would be accompanied on the trip by government officials of relevant agencies. He is leaving Nigeria today and is expected back on Thursday, he added.

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Simon Ateba
Simon Ateba
Simon Ateba covers the White House, the U.S. government, the International Monetary Fund, the World Bank and other financial and international institutions for Today News Africa in Washington D.C. Simon can be reached on simonateba@todaynewsafrica.com

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