Nigeria Commits to Protect Investments in Angola Market

The Nigerian federal government, through Minister of Foreign Affairs Ambassador Bianca Odumegwu-Ojukwu, has pledged to safeguard Nigerian investments in Angola and enhance support for Nigerians conducting business there. This assurance was made during her inspection of the Cidade De Motores auto spare-parts market in Luanda, established by Nigerian auto parts dealers.

Odumegwu-Ojukwu expressed pride in the significant investments made by Nigerian entrepreneurs, describing the project as a testament to their pioneering spirit. She stated that protecting Nigerian businesses in Angola would be prioritized in future bilateral discussions, particularly at the upcoming Nigeria-Angola Joint Commission.

The minister also urged traders to adhere to Angolan laws and promote Nigeria's image positively, while warning against ethnic discrimination in market management. Chuks Ukachi, President of the United Auto Parts Dealers Association, thanked the minister for her visit and explained that the market was created after Nigerian traders faced restrictions on roadside trading, leaving many without business for nearly two years.