Nigeria, Ethiopia Working to Increase Investment: Ambassador Adeleke

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Addis Ababa June 15/2022/ENA/ Nigeria and Ethiopia are working to strengthen their relationship in investment in a win-win situation, Nigeria’s Ambassador to Ethiopia Victor Adekunle Adeleke said. 

After the
high-level exchange of visits by the leaders of the two countries, the bilateral
relations of Nigeria and Ethiopia are growing.  

“We are working towards increasing
relationship in terms of investment in Ethiopia by Nigerians and investments in
Nigeria by Ethiopians in a win-win situation. So, we are matchmaking the
chambers of commerce of both countries so that businesses can talk to
businesses,” Ambassador  Adeleke told

According to him, the big cement
manufacturer, Dangote, and the lubricants producer Lubcon that operate in
Ethiopia are among the huge Nigerian companies which play critical role to the
economy of the country.

Nigeria also seeks to expand its relations
in the transport sector and the creative arts in order to create linkages,
thereby creating  jobs, he

Strengthening the relationship between
Ethiopia and Nigeria is crucial for both countries and Africa as Nigeria and
Ethiopia are the first and second populous countries in Africa, with Nigeria
being the biggest economy in the continent and Ethiopia the political
headquarters of Africa, the ambassador elaborated.

For Adeleke, Ethiopia is also critical to
unite Africa as a political seat of the African Union and Nigeria has strong
principles for peace and security of Africa.

Nigeria’s policy puts Africa’s peace and
security, which are critical for development, as its core principle; and
believes that Ethiopia has a fledgling democracy that needs stabilization.

The ambassador finally noted that “proudly
as Africans, we look for African solution to African problems.”

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