TheCable

Nigeria and Netherlands have signed a memorandum of association (MoU) on dairy chain development in Niger state.

This was disclosed via the Twitter handle of the Nigerian presidency.

President Muhammadu Buhari and Mark Rutte, prime minister of the Netherlands, witnessed the signing of the MoU between Royal FrieslandCampina Wamco, a Dutch multinational dairy company, and the Niger state government, on Tuesday.

Pres @MBuhari welcomed the Prime Minister of the Netherlands,Mark Rutte to the State House today. The 2 leaders held Bilateral consultations, & witnessed the signing of an MOU on dairy chain development between Royal FrieslandCampina WAMCO & the Govt of Niger State#InvestNigeria pic.twitter.com/VQjxISHKdH

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— Presidency Nigeria (@NGRPresident) November 26, 2019

Before signing of the MoU, Buhari told the Netherlands delegation that Nigeria is an attractive investments destination that offers one of the highest returns in the world.

The president said Nigeria had embarked on massive infrastructural development aimed at creating conducive atmosphere for business to thrive across the country.

He, therefore, urged the Netherlands business community to engage more concretely and collaborate more closely with their Nigerian counterpart for the mutual economic benefit and sustainable development of both countries.

“Nigeria is a very attractive investment destination. Nigeria offers one of the highest returns on investments in the world, “Buhari said.

“Your excellency, this administration is making frantic efforts to generate stable electricity as witnessed by Nigeria’s recent signing of enhanced power supply with Siemens of Germany.

“This is aimed at eliminating bottlenecks in the grind capacity of our electricity supply for economic growth.

“As we develop our infrastructure, our micro economic policies are being strengthened in order to guarantee economic stability.

“Now is the single moment for Nigeria and The Netherlands to engage more concretely and collaborate more closely for our mutual economic benefit and sustainable development of our two countries. ”

While fielding questions from statehouse correspondents after the event, Rutte said the visit to Nigeria, being his first, has been very impressive.

He commended the country for promoting international law in the International Criminal Court in The Hague.

According to him, Nigeria and Netherlands share the belief that international law contributes to a fair and safer world.

“It’s my first visit to Nigeria and like I said at the lunch meeting, I am very impressed,” he said.

“Everything in this country is huge. It’s 20 times the size of the Netherlands and more people live in Lagos than the whole of my country.

“In the tete a tete, the discussions we had with the business leaders, it is very clear that despite the fact that there are so many differences that we have a lot to offer each other be it politically, economically or culturally.

“Politically, Nigeria has taken its responsibility as one of Africa’s most important countries by playing a leading role in the region and by this way expanding democracy in West Africa.

“I have deep respect for the way Nigeria is doing this including the leadership of the president. “