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Nigeria to Benefit From 700 Million-Euro Dutch Growth Fund

June 18, 2014

Nigeria is one of the countries to benefit from the Netherlands'700m euroGrowth Fund to be inaugurated in July 2014, the Netherlands Minister of Foreign Trade and Development Co-operation, Ms. Lilianne Ploumen, has said.

The decision to include Nigeria in the preferred list of countries came on the heels of the discussion between Nigeria's Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, and his Dutch counterpart last year.

Aganga confirmed this during the Nigeria-Netherlands Business Forum in Lagos on Wednesday.

The Netherlands minister is currently in Nigeria with a delegation of over 20 Dutch businessmen to tie win-win trade and investment relationships.

The Dutch Growth Fund will enable Nigerian entrepreneurs and SMEs to form Joint Ventures with their Dutch counterparts, expand their businesses and also invest in critical and thriving sectors.

Aganga said, "Netherlands is one of Nigeria's largest trading partners. Within the last five years, the value of trade between Nigeria and Netherlands has grown from about $2.5bn to about $10bn.

"In addition to the fact that there are so many Dutch companies operating and doing well in Nigeria, there is also the E700m Dutch Growth Fund, which the Government of Netherlands is planning to establish which will be accessed by Nigerians in partnership with Dutch entrepreneurs who can bring in their know-how and innovation. This will make Joint Ventures easier between the two countries."

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Source: AllAfrica

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