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Buhari welcomes investments from Japan Bank, Toyota Group

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Buhari welcomes investments from Japan Bank, Toyota Group


President Muhammadu Buhari on Friday welcomed the interest shown by the Japan Bank for International Cooperation  and the Toyota Group to  support projects in which Japanese companies are involved in Nigeria.

The president made his feelings known at an investment talks with top officials of Japan Bank for International Cooperation, and Toyota Group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), holding in Yokohama, Japan.

Mr Femi Adesina, the President’s spokesman in a statement in Abuja, said the Japan Bank for International Cooperation was led by its Deputy Governor, Mr Nobumitsu Hayashi at the meeting.

Adesina quoted Hayashi as telling the Nigerian leader that the bank had lots of resources dedicated for investment in Nigeria, and would be particularly interested in oil and gas, and investments in infrastructure.

President Buhari welcomed the bank, informing the team that Nigeria had introduced the Ease of Doing Business, and bureaucratic bottlenecks were being cleared off the way.

According to Kashitani, Toyota Tsusho wishes to also build an advanced medical diagnostics centre, which will foreclose need for foreign travel to obtain cutting edge medical diagnosis.

President Buhari urged the group to also consider setting up a car assembly plant, noting that Nigeria had the capacity to absorb the investment for positive returns.

At another meeting with the Prime Minister of Algeria, Noureddine Bedoui, President Buhari counseled that the political programme in the country be faithfully executed, which would lead to general elections as soon as possible.

“Algeria is a good pan-Africanist nation, with a lot of influence over the continent,” the President said.

Prime Minister Bedoui said dialogue was in progress with all stakeholders leading to elections, hopefully by end of the year.

edited by Sadiya Hamza

Ismaila Chafe: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

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