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Business

Nigeria and Japan plan joint industrial hub to draw investment

By Naija Breaking Newsroom2 min read
The gist
  • Foreign Minister Bianca Odumegwu-Ojukwu proposed a Nigeria–Japan industrial and investment hub at a meeting with Japan's ambassador.
  • She wants August's Nigeria–Japan forum agreements turned into real investment and jobs, not just declarations.
  • Japan promised faster visa processing and welcomed a $10 million JICA push for Nigerian startups.

Nigeria wants to set up a joint industrial and investment hub with Japan, hoping to pull in Japanese capital, technology and factory partnerships that could create jobs for Nigerians.

The proposal came from the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, at a meeting in Abuja on Monday, October 26, with Japan's ambassador to Nigeria, Suzuki Hideo, according to reports by Tribune and ThisDay.

The two countries have had diplomatic ties for 66 years. The minister's point is that those years should now show up in factories, investments and paychecks.

What the hub is meant to do

According to the minister, the hub would help Nigerian and Japanese companies form joint ventures, develop local content, share skills and plug Nigerian businesses into Japanese supply chains.

She also asked the Japanese Embassy to help draw a practical roadmap for the plan, and urged the Japan External Trade Organization (JETRO) to connect Japanese investors with credible Nigerian firms and public agencies.

She said the agreements reached at the 10th Nigeria–Japan Special Partnership Forum, held in Abuja on August 27, must not remain on paper.

"The outcomes of the Forum must be translated into concrete programmes, investment commitments and measurable development outcomes," she said.

Beyond manufacturing, Nigeria is asking Japan to invest in solid minerals, gas, cleaner energy and industrial decarbonisation. The minister also welcomed a $10 million Japan International Cooperation Agency (JICA) initiative to support Nigerian startups, working with the Nigeria Sovereign Investment Authority.

She noted Japan's help in infrastructure, healthcare, agriculture, education and technical training, and asked Tokyo to keep backing peace and stability efforts in Nigeria and West Africa.

Visas and what happens next

Visa trouble came up too. The minister asked for continued talks so that businesspeople, students, researchers, officials and tourists can travel more easily.

Ambassador Suzuki called Nigeria a strategic African giant and said Japan wants deeper cooperation. He promised visa issues would be handled quickly.

For now, the hub is still a proposal. What happens next depends on whether both governments agree a roadmap and whether Japanese firms actually commit money and partnerships. Nigerians will be watching for real investment and jobs, not just communiqués.

Sources

This story draws on reporting by:

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