Japan strengthens business and economic ties with Nigeria

Mayowa DurosinmiMay 4, 20241 Mins read107

Japan strengthens business and economic ties with Nigeria

L-R: Japan's Foreign Minister, Ms. Kamikawa Yoko & Nigeria's Foreign Minister, HE Ambassador Yusuf Maitama Tuggar

On Tuesday, Japan’s Minister of Foreign Affairs, Ms. Kamikawa Yoko, visited Nigeria’s Minister of Foreign Affairs, Mr. Yusuf Tuggar, to strengthen the business and economic ties with Africa’s largest economy.

In the overview of the foreign ministers’ meeting, Ms Yoko stated that the number of investments by Japanese companies with interests in Nigeria’s potential is increasing, hence, the need further to strengthen the business and economic ties with Nigeria.

Japan will cooperate with Nigeria in addressing the challenges it faces in food security and measures against infectious diseases, says Ms Yoko while expressing her country’s interest in entrepreneurial spirit and Nigeria’s human resources development in start-ups and business-related laws.

In response, Mr Tuggar expressed his appreciation for Japan’s support for food security and measures against infectious diseases recently signed by the two countries.

Tuggar also expressed his expectation of further enhancing bilateral economic relations through utilising Japanese technology and financial resources and expanding Japanese companies into Nigeria.

According to a press release,

Minister Yoko stated that Japan will support the political and economic stability of Nigeria and other Gulf of Guinea coastal countries by continuing humanitarian and development assistance to address the root causes such as poverty and humanitarian crises in the Sahel.

Strengthening democracy is not a one-time event but a time-consuming process, and stability cannot be achieved otherwise, says Minister Tuggar.

In response,

Nigeria must make concrete efforts, says Minister Tuggar.

Among many discussions raised by the two ministers, they both confirmed that they would further strengthen bilateral relations towards the TICAD Ministerial Meeting in August this year and TICAD9 in August next year.

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