Originally published by Trade Hub Communications
Banyan Global’s Trade and Investment Hub’s Finance and Investment Specialist, travelled to Nigeria for three weeks in May to explore export-oriented investment opportunities. Mr. Addo attended an investment summit in Nigeria’s northwest organized by the Katsina State Government to stimulate local investment and attract foreign direct investment in the manufacturing sector. Mr. Addo and two of the project’s Nigeria-based Financial Advisors met with more than 100 companies in targeted regional and global value chains to assess their readiness and potential for finance and investment. Mr. Addo also conducted due diligence visits with three Nigerian companies (Mayor Farms, Cereal and Grains Company, and Wendy Foods) which all show great potential for investment and financing.
Mr. Addo, partner Nigerian Financial Advisors, and the Trade and Investment Hub’s Apparel Value Chain Specialist, toured seven apparel factories in Lagos. These companies, which offer investment opportunities worth $5 million, are in need of assistance to develop business plans and proposals for financial support. The Trade and Investment Hub aims to generate $20 million in investment in Nigeria to stimulate export-oriented business growth.
Banyan Global is a subcontractor to Abt Associates on the West Africa Trade Hub Project.