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Why More International Firms Prefer Ghana To Nigeria

Why More International Firms Prefer Ghana To Nigeria
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Why more international firms prefer Ghana to Nigeria

Minister of Trade and Investment, Otunba Adeniyi Adebayo and Twitter CEO, Jack Dorsey By Sun Apr 18 2021 The recent decision of social media giant, Twitter, to set up its Africa office in Accra, Ghana, has reopened talks on how Nigeria increasingly lose similar opportunity even as more companies relocate to the Ghanian capital. Daily Trust on Sunday reports on the trend and how it can be reversed.     Ghana, and not Nigeria, has become the preferred destination for international firms hoping to invest and set up offices in Africa, findings have revealed. Few days after micro-blogging site Twitter announced plans to establish its Africa headquarters in Ghana, the German Government said it has chosen the former Gold Coast country as the location for the West African Centre of Global Health.

Africa s automakers host component suppliers in Ghana as Nigeria s policy hobbles – Ghana Visions

Since the coming into effect of its Automotive Development Policy (GADP) in October 2019, Ghana has been attracting the attention of the auto world with at least three of the biggest names in the industry now assembling vehicles in the country less than two years after. This is coming at a time when Nigeria’s National Automotive Industry Development Plan (NAIDP) is on the slow lane with the assembly plants gasping for breath. Last month, the African Association of Automotive Manufacturers (AAAM) followed the trend in Ghana by hosting an exploratory visit of automotive component manufacturers to the West African country. The objective was to introduce potential investors to the Ghanaian automotive market, and to Nigeria’s, which is bigger, with incomparably higher number of assembly plants.

FG to establish automotive industrial parks in 3 states

Aliyu made this known in an interview with newsmen on Tuesday in Abuja. According to him, the parks will be sited in Nnewi in Anambra, home to Innoson Motors, the first indigenous motor manufacturing firm in Nigeria, Ede in Osun State and Kaduna. He said the programme was part of National Automotive Industry Development Plan (NAIDP) five-point comprehensive programme aimed at promoting local production of vehicles. “We are building three automotive industrial parks that will be comprehensive facilities where the necessary infrastructure will be provided and investors can easily come in and play. “As the Federal Government is promoting local production of vehicles, key to that is creating the necessary environment, and we have done that with the automotive policy.

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