In a bid to deepen financial intermediation and technology supply for infrastructural development in the country, the Japanese government has expressed interest in partnering with the Federal Government to provide high-quality facilities to drive sustainable and inclusive growth.
According to the Japanese government, addressing the infrastructure gap, which remains a major bottleneck for global growth, is important in driving regional and global trade.
Japan’s Deputy Minister for Construction, Engineering and Real Estate Industry, Ministry of Land, Infrastructure, Transport and Tourism, Yasuki Kaibori explained that while other Asian tigers are exploring opportunities in the nation’s oil and gas sector, Japan is seeking investments in the infrastructure sector in a bid to promote industrialisation and trade.
Kaibori, while speaking at the Nigeria-Japan public-private conference for high-quality infrastructure in Lagos, noted that the choice of Nigeria is based on its size and impact on regional trade especially in the sub-Saharan African region.
“To support infrastructure development, our government has advocated the promotion of investments in high quality infrastructure. Such infrastructure development would certainly enhance the connectivity of African states and give birth to numerous employment opportunities locally as well as upgrade the skills of the local labour power and uplift the living standards of the population.” Kaibori said.