Home FOREIGN Japan Bank For International Cooperation, Toyota Tsusho To Invest In Nigeria

Japan Bank For International Cooperation, Toyota Tsusho To Invest In Nigeria

Two Japanese companies, Japan Bank for International Cooperation and Toyota Tsusho have promised to invest in different sectors of Nigeria.

They made the promise at investment talks top officials of the two companies held with President Muhammadu Buhari today, August 30 in Yokohama, Japan, on the margins of the seventh Tokyo International Conference on African Development (TICAD 7), which ended today.

A statement by Special Adviser to the President on Media and Publicity, Femi Adesina, said that while the bank said it was interested in investing in oil and gas as well as infrastructure, Toyota Tsusho on the other hand, said it would invest in energy, healthcare and automobiles.

Femi Adesina said that the Toyota group also promised to register its presence all over Nigeria and build an advanced medical diagnostics centre that would put paid to foreign medical trips in search of cutting edge medical diagnosis.

He said that while officials of the bank were led to the meeting by its Deputy Governor, Nobumitsu Hayashi, Toyota Tsusho, which he described as a part of the Toyota conglomerate, was led by the President/Chief Executive Officer of the group, Ichiro Kashitani.

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Femi Adesina’s statement said that the Japan Bank for International Cooperation, expressed its preparedness to support projects involving Japanese companies in Nigeria adding that Buhari welcomed the bank, informing the team that the country had introduced the ease of doing business platform for the purpose of removing bureaucratic bottlenecks.

The statement quoted President Buhari as calling on Toyota Tsusho to consider setting up a car assembly plant, assuring that Nigeria had the capacity to accommodate the group’s investment for positive returns.

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