More Swiss Companies Indicate Interest in Nigeria’s Market

Hamilton Nwosa
Writer

Ad

How Obasanjo Got Angry at Me Over Diesel Deregulation – Otedola Opens Up

By Abiola Olawale Nigerian billionaire businessman, Mr Femi Otedola has shared a dramatic encounter with former President Olusegun Obasanjo over the 2004 diesel deregulation policy. This was detailed in his upcoming memoir, Making It Big: Lessons from a Life in Business, set for release on August 18, 2025, by FO Books. Otedola, then chairman of…

Trump-Putin Talks Put Oil Markets on Edge

The Trump-Putin meeting has become the main commodity market news of this week, with analysts speculating about the likelihood of a comprehensive deal and the impacts this could have on oil markets. ICE Brent has been gradually sliding closer to $65 per barrel as lower sanction risks on Russia could further erode the market’s in-built…

2027: PDP Warns Wike, Fayose: Endorse Tinubu, Risk Expulsion, Sanctions 

By Abiola Olawale The Peoples Democratic Party (PDP) has warned its members, including prominent figures like the Minister of Federal Capital Territory (FCT), Nyesom Wike, and former Ekiti State Governor, Ayo Fayose, against endorsing President Bola Ahmed Tinubu for re-election in 2027. The party’s National Working Committee (NWC) declared that such actions constitute anti-party activities…

Ad

The visiting Switzerland Global Enterprises Senior Consultant for Africa, Mr Suhail El-Obeid, on Monday announced the growing interest of more Swiss companies in taking advantage of Nigeria’s population, for their products.

El-Obeid toldsources in Lagos that he was specifically visiting Nigeria to ascertain the existing market for Swiss companies in the country.

According to him, the companies are willing to bring their machinery,  infrastructure, food and pharmaceutical products into the Nigerian market.

“The Swiss Government has mandated my Agency to assist Swiss companies in their internationalisation process.

“There is currently a rising interest of more Swiss companies in taking advantage of Nigeria’s market for their products.

“I am, therefore, visiting Nigeria to carefully collect the needed data that would give these companies information about the availability of Nigeria’s market for them.

“We have always seen Nigeria as a force to be reckoned with in doing business or investing in Africa,’’ he said.

El-Obeid said that from his interactions with many Nigerian Chambers of Commerce, Consulates-General and Swiss companies in Nigeria, there would be many business opportunities for Swiss companies in Nigeria.

He also said that his interactions had as well revealed the challenges that the Swiss companies were likely to contend with when doing business with and in Nigeria.

The Swiss companies’ representative said that there was currently the challenges of the foreign exchange policy, difficulties in getting the right partners, as well as lack of market transparency in the country.

He, however, expressed optimism that the government and stakeholders’ ability to urgently address the challenges would attract more Swiss and other foreign companies into the Nigerian market.

Ad

X whatsapp