Economy: Look towards Poland- Amb. Dycha tells FG, OPS

The Polish Ambassador to Nigeria, Mr. Andrzej Dycha, has advised the federal government and Nigerian private sector operators to look towards Poland with a view to returning the economy to the path of accelerated growth. Speaking with journalists in Abuja, he said that Poland has consistently maintained the leadership position in the European Union region in recent times and was ready to replicate its scientific and technological knowhow in Nigeria. According to the Ambassador, Polish investors were eager to invest in the Nigerian economy and that a new relationship between the two countries could re-write Nigeria’s economic development efforts, within a short time. His words, “Poland has maintained the leading position in terms of growth among the OECD nations since 2005 and ready to extend its scientific and technological success stories to Nigeria, the largest economy on the African continent. “We have expertise in the energy sector with a EUR 130 billion investment in renewable energy projects, waste-to-wealth plants and power blocks grid distribution; automobile industry; agriculture; as well as, Research and Development, RD; transportation infrastructure, “Nigeria is a land of opportunities. We have ambitious investors in Poland who have indicated their intentions to invest in the Nigerian economy, the economic challenges facing the Nigerian economy has provided a huge opportunity for investors to invest in key sectors of the economy. Polish investors from Poland are ready for long term investments owing to the strategic importance of Nigeria in Africa.” The ambassador said that, intent on changing her bilateral relations with Africa, the Polish government has launched the GoAfrica programme with a view to massively investing on the continent and that Nigeria must key into the programme. The volume of trade between Nigeria and Poland now stands at €250 million and this has prompted a desire by Polish investors to come to Nigeria to do business. Mr. Dycha described the level of trade between both countries as impressive and noted that this volume of trade between would provide a platform for investors from both countries to form strategic partnership towards increasing the level of investments in Nigeria. The Ambassador said Nigeria exports “mainly agricultural products while Poland sends to Nigeria, chemicals, cosmetics, machinery and processed agricultural items.” He added, “Poland is the largest European Union producer of apples, poultry meat, carrots and significant producer of other vegetables. We are facing a challenge of transition from low value added production of raw food towards processed products offering great opportunities for investors.” To cement the economic relationship between Nigeria and Poland, Amb. Dycha said that the Polish-Africa Economic Forum which held in Abuja, last week was to provide an avenue for investors from both countries to have personal contacts that could result in the establishment of several companies in Nigeria. The federal government decision to diversify the economy, Mr. Dycha said, would open new opportunities for Polish investors in Nigeria and that they were ready to take advantage of the new thinking of government. Also speaking at the briefing, President of the African Institute, Nigerian born, Mr John Godson and one-time Member of the Polish Parliament there was no better time to invest in Nigeria than now, given the development in the foreign exchange market. Mr Godson who jointly addressed the press with the ambassador, stated that he has received enquirers about Nigeria in the last one month than he has received in past six months because of the administration’s desire to diversify from oil to other sources of revenue. According to him, “there are Polish businesses ready to set up in Nigeria not to come and take out money but provide advantages to Nigeria

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