The Netherlands intends to invest $250 in Nigeria.
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The Netherlands plans to invest another $250 million in Nigeria in the coming months. This was announced by the Prime Minister of the Netherlands, Mark Rutte, during a visit from President Bola Tinubu at his official residence on Thursday. Rutte expressed confidence in Tinubu’s administration and said that Dutch investors see great potential in the Nigerian market. This investment will not only benefit the economic growth of both countries, but also strengthen the diplomatic relations between the Netherlands and Nigeria.
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The Dutch Prime Minister praised the Nigerian government for its courageous decision to deal with fuel subsidies and other reforms, which has resulted in a $100 million investment in a waste-to-wealth industrial facility in Lagos State. He also expressed interest in understanding the factors that allowed the government to make such decisions, noting that it shows rare determination and a commitment to leadership. The Prime Minister also commended Nigeria’s stance in the Economic Community of West African States (ECOWAS), further highlighting the country’s dedication to strong leadership.
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During the meeting, President Tinubu expressed his interest in expanding business opportunities between Nigeria and Europe. He highlighted the presence of high-grade deposits of lithium in Nigeria, which presents a lucrative opportunity for international investors. The president and his delegation are currently in the Netherlands for a three-day visit to further strengthen partnerships and explore potential collaborations in various sectors.
