Osibanjo stated this in Berlin Germany, during the Nigerian-German Investment Dialogue. He said Nigeria is a leading investment destination for potential and serious investors.
According to Daily Post, “He said consumer spending in Africa was $1.4 trillion by 2015, with Nigeria, Egypt and South Africa accounting for more than half of that total,” Osinbajo said.
“There is also increasing economic opportunities in Nigeria because of deliberate actions by our government to diversify the economy and improve the business environment.
“It is encouraging that there are significant economic ties between Nigeria and Germany. Germany is a significant exporter to Nigeria, which is its second largest trading partner in Africa.
“Recent reports show that German investment in Nigeria contributes as much as $1 billion in turnover annually. This is good, but we must agree that there is scope for even deeper collaboration given that Nigeria’s GDP is close to $500bn.”