Netherlands To Invest $250m In Nigeria
Prime Minister of Netherlands, Mark Rutte has announced $250 million fresh investments in Nigeria.
The Prime Minister made the announcement during a meeting with Nigeria’s President Bola Tinubu, who is currently undertaking a three-day visit to the Netherlands.
Rutte commended Tinubu’s economic reforms, citing them as catalysts for increased confidence among international investors in the Nigerian economy.
The prime minister specifically highlighted Dutch investors’ commitment to inject $250 million into various sectors over the coming months, with a notable $100 million earmarked for a waste-to-wealth industrial project in Lagos State.
President Tinubu, who participated in the Nigeria-Dutch business forum, reaffirmed Nigeria’s readiness and openness for business to foreign investors.
The forum served as a platform to showcase Nigeria’s investment potential and the conducive environment for profitable ventures.
Speaking during a meeting with Prime Minister Mark Rutte of the Netherlands at his official residence, known as The Catshuis in The Hague, on Thursday, the President said Nigeria offers immense opportunities across a pool of sectors and that his administration is deepening reforms to enhance the investment climate.
He said Nigeria seeks robust, balanced, and mutually beneficial partnerships that will bring about value-addition in areas like solid minerals.
“Taking a holistic view of the world order, there is a tremendous opportunity between us across trade spheres but especially in solid minerals, where we have high-grade lithium deposits that we know can power the clean energy future of the world. There is excellent value-additive opportunity in Nigeria. The world knows us for oil. They will soon know us for greater innovative exploits in other areas.
“We have an extremely dynamic youth population in Nigeria. It is a young country. 70 per cent of our people are under the age of 30, and when we are referring to 200 million plus citizens, it represents both a massive workforce and a massive market for Dutch and other international investors.
“If our young people know they can achieve a good future in Nigeria, they will stay home and build our nation to greatness. Lawful migration of trained Nigerian minds and hands will be a benefit to Europe, and irregular migration will no longer be a source of fear in Europe if we partner effectively.
“This is what we want and it is why we are adamant about providing student loans and new credit opportunities to not only enhance the skills of our people but also to ensure that they can access a higher quality of life within their legitimate incomes. We will transform our economy, and our young people will be the reason why,” the President stated.
President Tinubu asserted that Nigerians have tremendous confidence in themselves and that his confidence in the Nigerian people gave him the courage to take difficult decisions on their behalf, given his full awareness of the need to give Nigerians the long-term tools they need to succeed.
“I am a determined leader of my people. I have and will continue to take the difficult decisions that will benefit our people, even if there is short-term pain. We have gone through the worst of the storms. I am unafraid of the consequences once I know that my actions are in the best long-term interests of all Nigerians.
“The Nigerian Naira is one of the world’s best performing currencies today. We took the necessary risk, and all resilient Nigerians kept faith with us. They will be rewarded, and the reward will only be greater as we partner effectively with you on new opportunities for development. As leaders, we must take decisions for the benefit of our nations, and we cannot shy away from that,” the President said.
