Twenty Nigerian investors were last evening hosted to a dinner at Kigali Serena by officials of the Rwanda Development Board (RDB) and Private Sector Federation (PSF).
The dinner served as a welcome ceremony for the Nigerian delegation which arrived on February 29th and will leave the country on March 5th. During their stay in Rwanda, they will be toured round the country while being shown investment opportunities.
Rwanda’s Envoy to Nigeria Joseph Habineza, brought the Delegation who are part of the Nigeria Economic Summit Group (NESG). The aim was to encourage investments between both countries.
“I have always encouraged Nigerians to visit Rwanda and explore opportunities in here and recently I was impressed when I checked our embassy’s record and I realized that for the past six months we had issued visas to more than 1000 Nigerians,” he said.
He encouraged that Nigerians would do better in the country’s hospitality sector known to be lagging behind, the methane power plant was another area the ambassador recommended for investments.
Philips Foluso the chairman of NESG, commended Rwanda’s progress especially in doing business, a fact he says has given comfort to investors who want to open business in the country.
“On the other hand there is need for joint effort that’s why we need to interact more, visit each other, exchange ideas and become great business partners,” he advised.
Macdonald James Obi, the managing director of SONARWA insurance company, advised that Rwanda has potential businesses and it is time for Nigerians to exploit the chance , since the country landlocked for instance.
“let me give you a good example, if you import a cabin of a lorry from Nigeria it would cost Frw 35 million yet the ones sold in Rwanda cost more than Frw 50 million, you see the difference is big that’s why we should open business in Rwanda and sell big.”
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