Mr Edet Akpan, Permanent Secretary, Federal Ministry of Industry, Trade and Investment, has urged the Vietnamese business community to explore the favourable policies put in place by the Nigeria to invest.
Akpan made the call on Wednesday at the Nigeria-Vietnam Trade and Investment Summit held in Abuja.
According to him, the Vietnamese business community can leverage on the existing favourable policies and the free trade zones to bring in their investments into the country.
“You are already familiar with our laws and regulations relating to foreign investments.
“Nigeria has a very favourable investment rules and tax regimes better than any in Africa.
“Vietnam has excelled in rice production and now exporting rice to over 100 countries.
“So, being that Nigeria has arable land to cultivate rice, they can bring in their investments as well as share their experiences in rice production with Nigerians,’’ Akpan said.
He added that the two countries can share experiences in agriculture, oil and gas exploration.
“This will solve a lot of problems in the country like unemployment and insecurity, in addition, it will create a lot of jobs and engage the youths meaningfully,’’ he said.
Prince Adetokunbo Kayode, President, Abuja Chamber of Commerce and Industry (ACCI), said that the event was another effort aimed at expanding the already existing trade relations and friendship with Vietnam.
He said that Nigeria and Vietnam must devise more areas of economic cooperation in important sectors like oil and gas, maritime, mining, construction, power, agriculture, cement, transportation, engineering, telecommunications and education….