Dutch Investors with over €10b to Invest in Nigeria

A forum scheduled for the month of September themed “Bridging the Dutch and Nigerian Private Sectors,” is set to create a platform for the Dutch and Nigerian private sectors to strengthen economic relations as well as promote new and sustainable business interests for both countries. It was organised by The Netherlands-African Business Council (NABC) in collaboration with Kleef & VTS Nigeria, under a private sector initiative.

According to Thisday, Dutch investors have concluded plans to invest over €10billion in Nigeria. A statement issued in Abuja by the NABC Chapter President in Nigeria, explained that over 145 Dutch investors are interested in  sectors like security, education, oil and gas, renewable energy, agribusiness, consumer goods market, health care, finance and banking, telecommunication/ICT, and public private partnership.

More importantly, the Dutch investors also identified real estate and the housing gap as an investment interest. They will join the likes of the Nigerian Sovereign Investment Authority who have stated their interest in the country’s housing gap and affordable housing. The size of interest within this sector from local and global investors is both indicative of the size of the inherent housing problem as well as the large investment opportunity. It is hoped that these prospects will actualise into real investments.

Additional interest was expressed in water resources, aviation development and tourism.