Nigeria Export-Import Bank(NEXIM) and Compass Consulting have entered into partnership with the Bank of Industry (BOI) in order to link local businesses with their global counterparts.
Managing Director/CEO, NEXIM Bank, Mr. Roberts Orya ,while speaking during the Fourth Annual Enterprise Exhibition, said the process over the years has enabled Nigerian businesses to be linked with the global economic system through match making sessions with foreign investors/entrepreneurs who already have established distribution channels and other vital business in contacts in Europe and other parts of the world.
According to him, “it is consistent with NEXIM’s objectives to facilitate the diversification of Nigeria’s export and revenue base and invariably eliminate the country’s over dependence on a mono product oil as this company shall continue to collaborate with relevant development promotion and financing institutions in enhancing the capacity of Nigerian businesses to compete in the global market.”
In the same vein, Managing Director/CEO, Compass Consulting, Mrs. Tokunbo Chiedu, noted that the past three editions have not only generated in-bound investment initiatives from foreign investors but allowed for the transfer of technical knowledge and expertise from Europe-based companies into different sectors of the Nigerian economy.
She said the Annual Enterprise Exhibition which is designed to serve as a platform to facilitate the inflow of Foreign/Diaspora investments into Nigeria has made many Nigerian investors to make successful entry into the real and service sectors of the Nigerian economy and also harness the desire by successful Nigerian Businesses to develop their export potentials and access to the highly competitive international markets.
Also, the Director of UK trade in Nigeria, Mr .Peter Stephenson, said the UK- Nigeria business relationship is very strong and United Kingdom has a strong interest to invest in Nigeria but the operating environment is not favorable enough as the poor power supply in the country remain one major factor militating against business survival and growth.
“Government in all levels has been advised to find a lasting solution to the problem of electricity in this country as it will make Nigeria to be the sixth largest economy in the whole world.”
According to him, there are many opportunities for investment in Nigeria economy, Nigeria needs to produce a conducive environment for investors to operate as this will also create job opportunities for Nigerians.
Also, the Operation Manager, Bank of Industry (BOI), Mr. Austin Madueke, said the Exhibition Process has indeed stimulated inbound investments initiatives from Nigerians in diaspora and also enhances partnerships with their diaspora counterparts.
He, however, encourage participants especially entrepreneurs to take advantage of this year enterprise exhibition saying it will expose them to lot of business opportunities.