Prime Minister Mark Rutte announced the activation of $250 million in new investments in Nigeria.
This is an important development that has the potential to strengthen Nigeria-Netherlands commercial ties.
The declaration was made during a meeting between the presidents of the Netherlands and Nigeria, Bola Tinubu, who is now visiting the country for three days.
Rutte praised President Tinubu’s economic changes, describing them as catalysts for improved international investor confidence in Nigeria’s 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.
The meeting between President Tinubu and Prime Minister Rutte follows an earlier engagement, highlighting the mutual commitment to strengthening bilateral relations and exploring avenues for economic cooperation.
During his state visit to the Netherlands, Tinubu engaged in productive discussions with top government officials and Dutch business leaders, emphasizing the vast opportunities offered by Nigeria and the nation’s guaranteed returns on investment.
The bilateral business deliberations focused on enhancing collaboration across key sectors, including agriculture, communications, digital economy, maritime and blue economy, petroleum, natural gas, as well as trade, industry, and investment.