Posted on Wed 7 Jun 2017, 02:35 PM

Acting President Yemi Osinbajo, SAN, has declared that Nigeria market is the most profitable for investors.

Prof. Osinbajo said this while meeting the Foreign Minister of Indonesia, Mrs Retno L. P. Marsudi at the Presidential Villa, Abuja.

The Indonesian Foreign Minister had said she came to Nigeria with two hundred business people and had visited Lagos as her country is ready to kick-start business relationship with Nigeria.

In the meantime, though, Osinbajo’s remarks were premised on Nigeria’s large population and size.

He said that “Nigeria has a prerequisite market for profitable returns on any investment and business.”

“There is much room to increase the volume of trade between both countries,” he told the Indonesian Foreign Minister.

“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 that Indonesia should take advantage of the on-going economic diversification process, especially in the agricultural sector in Nigeria.

He also added that “Nigeria could be exporting agro-allied products to Indonesia.”

“About ten 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,” the Acting President assured.
Mrs. Marsudi, on her part, solicited the establishment of Palm Oil Producing Council between Nigeria and Indonesia.
She stressed that countries producing palm oil should work together in order to benefit maximally the market.


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