Nigerian government signs MOU with US investors

(L-R) The Minister of Trade and Investment, Olusegun Aganga, Mr. Dauda Kigbu, Mrs Stella Abumire and Jozsef Alberti.

Nigerian government signs MOU with US investors
Hauwa Noroh Ali, Abuja

The Nigerian Government has signed a Memorandum of Understanding with JRF Technology, LLC, USA to mobilize credible and reputable investors into Nigeria’s Mining, Agriculture, Value Chain, Transnational Border Market, Energy, Infrastructure and Aviation and other Non-oil sector.

The Minister of Trade and Investment, Olusegun Aganga signed on behalf of the Nigerian government, while Jozsef Alberti, a Canadian based investor represented Messrs JRF Technology, LLC, USA, a Consortium of American and Canadian investors and Engineering and Construction Company .

The MOU was signed at the Ministry’s Headquarters in Abuja.

Objectives of the MOU

The objective of the MOU is to invest in the Nigerian economy.  The MOU is expected to create a viable institutional partnership for the Train-To-Work initiative of the Federal Ministry of Trade and Investment and identify business opportunities, develop entrepreneurship and vocational capacities and provide necessary start-up capital for small and medium enterprises for Nigerians.

While signing the MOU, the Minister thanked the consortium for their dedication and commitment to invest in the Nigeria and urged them to continue to be good ambassadors for Nigeria as well as advocates of the good things they have seen during their visit.

Aganga stated that the Ministry in collaboration with the Oyo State government and Britain Department for International Development (DFID) was developing a transnational Border Market in Shaki, Oyo State.

He said feasibility studies had been completed and urged all genuine investors to take advantage of the potentials in the area.

In his words, ‘this is a fruitful and symbiotic relationship and our job is to make sure you realize your goal and make return to your shareholders”.

Earlier, the Chairman/CEO, Messrs JRF Technology, LLC USA, Engineer Jozsef Alberti said he and his colleagues’ were anxious to take advantage of the huge potentials in the Mining, Agriculture value chain, energy, infrastructure, Aviation and Non-oil sector of the Nigerian economy.

 He thanked the Nigerian Government for creating a conducive environment for investors and pledged to do their best to transform the economy of Nigeria.

Cokey