Guinea Woos Nigerian Businesses with Access to $20 Billion Mega Projects
The Republic of Guinea has formally invited Nigerian businesses to participate in a wide range of available mega projects worth approximately $20 billion. The move is part of Guinea’s efforts to promote regional economic integration and access Nigeria’s active private sector.
The Guinean Ambassador to Nigeria, His Excellency Siaka Cissoko, announced this when members of the Diplomatic Correspondents Association of Nigeria (DICAN) visited the Guinean Embassy in Abuja on a courtesy call.
Ambassador Cissoko was optimistic about resuscitating bilateral relations between the two West African nations and stated that the time had come for Nigerian businesses to access Guinea’s growing economic landscape.
“Even as I speak to you, there is a mega multibillion-dollar project in Guinea, worth some $20 billion, that can be handled by Nigerian companies,” the ambassador divulged.
He lamented that Guinean companies now seek partnership in countries such as India and Pakistan, even in $5–$10 million projects—contracts he stated Nigerian companies are equally, if not better, positioned to carry out.
We need to bridge the information gap so that Nigerian investors are aware of these opportunities. Your capacity is fine, and we want that energy and expertise in Guinea,” he added.
Cissoko also stated that the mining sector presents particularly excellent prospects for collaboration, as both countries are rich in natural resources. Guinea is rich in bauxite, gold, diamonds, and iron ore, while Nigeria boasts a developing industrial and construction sector with the potential to supply infrastructure development across Africa.
A number of Nigerian banks, including Access Bank, United Bank for Africa (UBA), First Bank, and Polaris Bank, have already established operations in Guinea, suggesting a growing Nigerian economic presence in the country.
In a reaction, DICAN Chairman Fredrick Idehai assured the ambassador of the media group’s commitment to ensuring more awareness of business and diplomatic opportunities between the two nations.
“We are committed to improving the exchange of factual information and helping to amplify the positive stories of West African cooperation,” Idehai said.
Experts view this strategic interaction as a timely opportunity for Nigerian businesses to boost their footprint in Francophone West Africa. It also aligns with the African Continental Free Trade Area (AfCFTA) agenda, which encourages intra-African trade and regional cooperation development.
Since foundations have been laid by the banking sector and diplomatic relations are on the rise, the invitation is a significant advancement in Nigeria–Guinea relations, unlocking new possibilities for bilateral growth and prosperity across West Africa.
