20 Irish Firms To Invest In Nigeria

To further increase it bi-lateral trade relations with Nigeria, Irish High Commissioner to Nigeria Ambassador Patrick Fay said about 20 Irish companies would soon invest in Nigeria.

Speaking at the recent launch of Irish Mayor - a cream Liqueur created by the first elected Black Mayor in Ireland, Mr Rotimi Adebari- in Abuja, Fay said Irish Minister for Trade and Development would, in November 2013, lead a trade delegation to Nigeria to enhance the economic ties between Nigeria and Ireland.

The Irish delegations would be in Abuja to meet with Nigeria’s Minister of trade and investment, Olusegun Aganga to explore investment possibilities areas.

“We are trying to develop the link and make it stronger. To do that, we are working closely with the Nigerian Ambassador in Dublin and the Department of Foreign Affairs to work together to develop our trade,” he said

Ireland wants to establish firms in Nigeria to stimulate trade between both countries so as to diversify solely from oil imports which make up the bulk of its trade with Nigeria.

Nigeria’s trade with Ireland rose to e350m. This includes Ireland’s export to Nigeria at e5om and an import of e300m.