Envoy advises Nigerian investors on Grenada investment opportunities

The Honorary Consul of Grenada to Nigeria, Abidemi Sonoiki, has highlighted some areas of opportunity for Nigerian investors in the Caribbean country.

Sonoiki, who became the honorary consul in May 2022, stated that during a press briefing at the Honorary Consulate of Grenada in Lagos recently.

He said that from the financial space to real estate, medical tourism, and education, there were opportunities that Nigerians could tap into for profitability.

The honorary consul remarked, “Grenada itself is the pride of the Caribbean. They are positioned for greater heights. They need further exposure, they need help, partnership, and collaboration with Africans. Don’t forget that they are originally from Africa but settled there. The time has come for us to migrate or go there for businesses and integrate.

The current president of Grenada is the one championing the development that is going on in the Caribbean. We only need more of the fintechs and banks to go there and things would change. The five-year vision is for their president and Nigeria to be people who would be championing things across the globe and the resources are in abundance on both ends. Nigerians on their own are big on real estate and tourism is the key thing there.

“In my visits there, there is a shortage of housing, Airbnbs, short-lets and such, so you must book ahead. If Nigerians can look at the opportunities and spread their risk. I think tourism over there through the real estate business will bring Nigerians huge profitability. Another area is medical tourism.”

On education, Sonoiki said that the consulate had made it easier for Nigerians to go study, especially medicine, in the Caribbean nation with the numbers having increased in the last two years.

He stated plans to intensify the synergy between both countries to ensure growth.

“Now, Nigeria is like a big brother, the same way that Grenada is playing big brother in the Caribbean. If you can do a good handshake, we can able to take the partnership to greater heights.

“The stance of the consul aligns with that of the African Export-Import Bank, which has been clamouring for closer ties between African and Caribbean countries,” he noted.

The last annual general meeting of the bank was held in the Bahamas.

Ahead of the meeting, the President of Afreximban, Professor Benedict Oramah, said, “We must rise as Global Africa, armed with our abundant human and natural resources, to pursue our course to economic transformation.”