FG Assures Investors of Access to Forex for Machinery Importation

03 Dec FG Assures Investors of Access to Forex for Machinery Importation

The Minister of Industry, Trade and Investment, Niyi Adebayo has assured investors using local raw materials that the federal government will accord them priority in the allocation of foreign exchange for the procurement of machines and other equipment which are not readily available in the country.

Speaking while receiving the Greece Ambassador to Nigeria, Mr. Ioannis Plotas in his office recently, the minister he said the country was well endowed, adding any willing investors would be assisted in every way to ensure the success of their investment.

The Greek envoy had told the minister that he was in his office following requests by Greek businessmen who were interested in investing in the country for necessary information and guidance on investment opportunities in the country.

Adebayo said the federal government would assist foreign investors by creating a conducive environment for them to conduct their businesses.

While expressing the government’s willingness to have the foreign investors set up in the country, Adebayo, further encourage them to consider setting up agro-allied companies using the abundant agricultural products in the country.

He assured that willing investors would not have issues with getting foreign exchange to import machines and other equipment needed for their businesses as long as they made use of local materials.