From Mercy Peter
Nigeria has reiterated its commitment to fostering a business friendly climate for both local and foreign investors.
This is as the government intensifies efforts to attract sustainable investments into critical sectors of the economy.
Speaking during a high-level meeting with a California–Africa Climate and Economic Delegation in Abuja, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said Nigeria’s ongoing regulatory and legislative reforms were designed to encourage investor confidence and spur long-term growth.
“Investors across the world should know that Nigeria is open for business. We are putting in place policies that will make it easier to do business and ensure returns on investment,” Dr. Oduwole stated, adding that global partnerships remain key to achieving economic transformation.
The Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, commended diaspora investors for their growing role in national development.
She noted that Nigerians abroad are contributing far beyond remittances bringing expertise, networks, and innovation in alignment with President Bola Tinubu’s Renewed Hope Agenda.
“Diaspora investors are building bridges between Nigeria and the world. They are catalysts for growth and critical partners in our drive for a stronger, globally competitive economy,” Dabiri-Erewa said.
The California delegation, led by Dr. Toks Omishakin, Secretary of the California State Transportation Agency, praised NiDCOM for facilitating the engagement.
Omishakin highlighted California’s leadership in clean and sustainable transportation, revealing that the state accounts for 14% of the United States electric vehicle market.
Discussions focused on collaboration in sustainable transportation, clean energy, infrastructure development, and technical cooperation.
California’s global edge in technology and venture capital was spotlighted as a tool to help African green enterprises achieve global competitiveness.
The meeting ended with a mutual pledge to deepen Nigeria–California partnerships, harness diaspora expertise, and scale up sustainable investment flows to accelerate economic growth.
