Post by Trade Coach on Mar 19, 2012 18:41:08 GMT 1
A group of investors from the United States of American has indicated interest to invest in the Nigeria's economy that could lead to the creation of about 100,000 jobs in the first year of its investment.
The President JATCO Network International John Tor-Agbidye and the coordinator of the delegation made this known when he led the investors from USA on a courtesy visit to the Minister of State for Trade and Investment, Samuel Ortom, in Abuja.
He said that the investors were in the country to invest millions of dollars in the areas of solid minerals, real estate and commodities which will not only enhance the trade relationship between Nigeria and USA but would create jobs for the teeming employed youths.
Tor-Agbidye further said that the group also wants to promote the trade between the two countries in the area of commodity, noting that there were lots of things in Nigeria that can be exported to the United States which can enhance the volume of trade in both countries.
The leader of the delegation noted that Nigeria being blessed with lots of agricultural produce such as yam and cassava among others needed machines to process them.
"Nigeria has a lot of yams being wasted annually because of lack of processing and preservation. If we can do this, it will not only create economic empowerment but will also create jobs for the youths in the country as well as enhance the trade relations between Nigerian and USA," he said.
He said some of these crops are being wasted due to lack of processing equipment, saying that the USA is capable of handling that aspect.
Tor-Agbidye who refused to disclose the investment portfolio plan however said it would be in several millions of dollar, stressing that "we are looking at real estate, we have done due diligence and it is a very good return on investment we plan to come in April."
Speaking, the Minister of State for Trade and Investment, Samuel Ortom said the ministry is the new innovation of the government to attract investments both locally and internationally to the country.
He note that the company's plan will boost opportunities to create jobs for the unemployed in the country, adding that the government was committed to providing enabling environment for investors to thrive in the country and that Nigeria is endowed with natural resources for good investors.
Source: allafrica.com/stories/201203190294.html
The President JATCO Network International John Tor-Agbidye and the coordinator of the delegation made this known when he led the investors from USA on a courtesy visit to the Minister of State for Trade and Investment, Samuel Ortom, in Abuja.
He said that the investors were in the country to invest millions of dollars in the areas of solid minerals, real estate and commodities which will not only enhance the trade relationship between Nigeria and USA but would create jobs for the teeming employed youths.
Tor-Agbidye further said that the group also wants to promote the trade between the two countries in the area of commodity, noting that there were lots of things in Nigeria that can be exported to the United States which can enhance the volume of trade in both countries.
The leader of the delegation noted that Nigeria being blessed with lots of agricultural produce such as yam and cassava among others needed machines to process them.
"Nigeria has a lot of yams being wasted annually because of lack of processing and preservation. If we can do this, it will not only create economic empowerment but will also create jobs for the youths in the country as well as enhance the trade relations between Nigerian and USA," he said.
He said some of these crops are being wasted due to lack of processing equipment, saying that the USA is capable of handling that aspect.
Tor-Agbidye who refused to disclose the investment portfolio plan however said it would be in several millions of dollar, stressing that "we are looking at real estate, we have done due diligence and it is a very good return on investment we plan to come in April."
Speaking, the Minister of State for Trade and Investment, Samuel Ortom said the ministry is the new innovation of the government to attract investments both locally and internationally to the country.
He note that the company's plan will boost opportunities to create jobs for the unemployed in the country, adding that the government was committed to providing enabling environment for investors to thrive in the country and that Nigeria is endowed with natural resources for good investors.
Source: allafrica.com/stories/201203190294.html
