News

June 10, 2024

Tanzanian authorities call for more Nigerian investors

Tanzanian authorities call for more Nigerian investors

By Dapo Akinrefo

Tanzanian authorities have expressed optimism that more Nigerians will invest in the country, saying it would create employment opportunities for citizens and boost the country’s economy.

Addressing newsmen in Lagos, Chairman, Board of Directors of Tanzania Investment Centre, Dr Binilith Mahenge, said the discussion that was held between the High Commission of the United Republic of Tanzania through the Tanzania Investment Centre and members of Lagos Chamber of Commerce and Industry was focused on investing profitably.

Mahenge said: “We believe we can exchange what is there in Nigeria to go to Tanzania and what is there in Tanzania to go to Nigeria.  The investment in Tanzania from Nigeria is among the three biggest investments in Tanzania. Among the investors from Nigeria is Dangote. He has constructed a very big factory and employed many. Those are the ambassadors to Tanzania, because they have made the story successful.

“There are laws and we have established a new act for investments. The population of Tanzanians is 61,000. We want participants to see opportunities we have and make a decision to invest in Tanzania.”

Also speaking, Honorary Consul of the United Republic of Tanzania to Lagos State and former President of Lagos Chamber of Commerce and Industry, Toki Mabogunje, said: “This is an investment forum. There is so much Tanzania has to offer to the world. There is even so much Nigeria can offer to the rest of the world as well.

“Tanzania is spreading its wings. This Forum is there to educate Nigeria investors about the opportunities in Tanzania. To give an opportunity for them to interact with the Chairman of Tanzania Investment Centre, of course to talk about what are the opportunities, what are the incentives for investors.

“At the end of this event, we are coming up with a mission to the Tanzanian. People are going to subscribe to this mission, it is a wonderful thing that Nigeria captains of industry are here which cuts across all the sectors of the economy.

“So there is an opportunity for everybody, and we are looking forward to a very positive outcome. My mandate as honorary consul is what is referred to as Economic diplomacy. My remit is to promote and encourage trade between Tanzania and Lagos State.

President of Lagos Chamber of Commerce and Industry, Gabriel Idahosa, on his part, said: “There are lots of investment opportunities we Nigerians are not aware of, Nigeria should be the first beneficiaries of the vast opportunities in Africa continents.

“A lot of African countries now realize that it is much easier to get Nigeria to invest in their country than to get foreigners. We already know the continent, our cultures are similar, our issues are similar, it is easier for us to understand their problems once they are ready to solve them.