Envoy woos Nigerian entrepreneurs to invest in Burundi
On Friday, Liberat Mfumukeko, senior adviser in charge of Missions of the Presidency of Burundi, called on Nigerian entrepreneurs to explore the abundant business opportunities in the East African country.
The Burundian diplomat said this during a visit to Nigeria by a high-powered delegation from the East African country.
The envoy who led the delegation stated that Nigerian entrepreneurs would deepen trade relations between the two countries by investing in Burundi.
“We have come to Nigeria from Burundi to invite people from the private sector to explore investment opportunities in Burundi. This is because we feel there are so many things Nigeria as an African powerhouse has and can do to boost trade and investment growth in other parts of the continent.
“We have an investment legislation that provides for any investor coming to Burundi to repatriate their profit as long as they comply with the government policies, especially in the area of taxation,” said the envoy.
Burundian ambassador to Nigeria Edouard Nduwimana acknowledged the bilateral cooperation between the two countries, saying the tie has been established on mutually beneficial grounds.
“The Burundi-Nigeria business cooperation is commendable; we aim to achieve a vision of becoming an emerging economic nation in 2040 and a developed country in 2060.
“We look forward to wooing Nigerian investors to Burundi. Let us continue in the spirit of win-win cooperation to create mutual economic prosperity for both countries,” Mr Nduwimana said.
Meanwhile, Mustafa Bello, former minister of commerce in then-President Olusegun Obasanjo’s administration, has urged Nigerians to take advantage of the call and advance business cooperation between the two countries.
“What is left of us as Nigerians is to take advantage of the investment opportunities we have been exposed to. Then, we can see how to build the bridge by creating a Nigeria-Burundi Business Council or whatever name we choose to give the collaboration.
“We have the market, the population, strength, capacity, and resources, which are key ingredients required to buy in and engage in a country.”
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
Shabana Mahmood retained as home secretary as Burnham announces ministerial appointments
Mr Burnham pledged to deliver a new economic model and revive the country.
States
Flooding: Lagos LG urges responsible waste disposal practices
The chairman said that the intervention would help to enhance water flow and reduce the impact of flooding.
Economy
Power minister courts local, foreign investors to boost industrial growth
Mr Tegbe said reliable electricity remained central to Nigeria’s economic transformation.
Education
Senate extends investigation into safe schools initiative programme
The Senate also expanded the committee’s scope to include investigation of TETFund, NELFUND, and UBEC.
NationWide
NITDA advocates coordinated approach across MDAs to bolster cybersecurity
Mr Inuwa said that exposure to cyber threats in one government agency could expose others to cyber threats.
Economy
British PM Andy Burnham cuts tax on electricity
Effective October 1, Britons will be excused from paying VAT on electricity, and the cost will be taken from the cancelled £1.8 billion digital ID programme, Downing Street said.
