14 September 2016
The Government of the Kingdom of the Netherlands on Wednesday said that more of its companies would invest in Nigeria, if the right investment environment is created.
Netherlands’ Ambassador to Nigeria, John Groffen, said many Dutch companies that would have invested in Nigeria were currently being discouraged.
He said that Nigeria’s current forex policy was among other factors being considered by Dutch companies that had indicated interests in doing business in Nigeria.
“One of the biggest problems that is preventing more Dutch companies from investing or coming to do business in Nigeria is the government’s forex policy.
“These companies, due to the current forex situation, have some reservations on what the future may bring them.
“But, let me say that as soon as the forex policy situation improves, there is every tendency for more Dutch companies to want to come to Nigeria for business deals.
“If the Nigerian Government wants more of Dutch companies into the country, it has to make sure that the business environment is friendly and attractive to these companies,’’ he said.
Groffen, who noted the Federal Government’s ongoing efforts at making the country attractive to investors, said that more companies were still watching to see certainties in Nigeria’s investment environment.
According to him, the current economic situation in Nigeria has so far resulted in a decrease in exports and imports between Nigeria and The Netherlands.
The ambassador restated his government’s commitment to sustaining partnership with Nigeria during and after Nigeria’s current economic recession.
“The Netherlands is well-placed to continue to be a good partner to Nigeria now and in the future.
“Dutch companies are still very active in Nigeria’s fossil fuel, maritime, retail and agriculture sectors.
“And there are still a whole lot of opportunities for partnerships between our two countries in the near future,’’ he added.