Acting President Yemi Osinbajo, on Monday affirmed that Nigeria’s large population offers any investor and businessman seeking profitable returns a prerequisite market.
A statement by Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, on Tuesday, said Prof. Osinbajo spoke during a meeting with the Foreign Minister of Indonesia, Mrs Retno L. P. Marsudi at the Presidential Villa, Abuja.
Citing the success of Indomie, one of the products by an Indonesian company in the Nigerian market, Prof. Osinbajo said “there is much room to increase the volume of trade between both countries.”
“Nigeria is one of profitable places for business and investment because there is always market for them and government is creating a good and friendly environment for investment to thrive,” he stated.
He said Indonesia should take advantage of the on-going economic diversification process, especially in the agricultural sector, adding that Nigeria could be exporting agro-allied products to Indonesia.”
Continuing, he recalled that “about 10 days ago we signed Executive Orders for Ease of Doing Business; we have a 48 hour visa regime and all that….. there is a friendly business environment.”
Earlier, the Foreign Minister of Indonesia said she was in Nigeria with 200 businessmen and women and had visited Lagos, because her country is ready to kick-start business relationship with Nigeria.
Mrs. Marsudi also solicited the establishment of Palm Oil Producing Council between Nigeria and Indonesia, stressing that countries producing palm oil should work together in order to benefit maximally the market.