News Column

Nigeria to Benefit From ?700 Million Dutch Growth Fund

June 18, 2014

Phillip Oladunjoye

The Netherlands Minister of Foreign Trade and Development Co-operation, Ms. Lilianne Ploumen, has said that Nigeria is one of the countries to benefit from the Netherlands'700 million Euro Growth Fund to be launched in July this year.

She said this during the Nigeria-Netherlands Business Forum in Lagos, on Wednesday.

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

Ploumen said the decision to include Nigeria as one of the benefitting countries was based on Nigeria's huge economic potentials as the biggest economy in Africa, adding that the Fund would also help to fast-track inclusive economic growth, especially in critical sectors of the Nigerian economy.

"The Dutch Fund will promote the Joint Venture and investment of Dutch companies with their Nigerian counterparts. Nigeria has been included as one of the countries that will benefit from the Fund because we see great investment and growth opportunities in Nigeria.

"Within the next three to four years, we will be investing 700million euros into the fund, which is open for all sectors of the Nigerian economy. The objective is for us to enhance inclusive economic growth in Nigeria, which is the largest economy in Africa.

"The Dutch Growth Fund is open to all Nigerian entrepreneurs. We look forward to seeing more of Nigerian businesses partnering with their Dutch counterparts and leveraging on the friendship and good economic relations that exist between Nigeria and Netherlands to expand the business, trade and economic relationships between the two countries," she said.

Nigeria's Minister of Industry, Trade and Investment, Olusegun Aganga, said the decision to include Nigeria in the preferred list of countries came as a result of the discussion he had with his Dutch counterpart, last year.

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Source: AllAfrica

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