Grenada woos Nigerian investors with visa-free entry plan

Nigeria and Grenada are moving to strengthen commercial ties as the Caribbean nation rolls out measures aimed at attracting investors, entrepreneurs and professionals from Africa’s largest economy.

Speaking in Lagos after a visit to Grenada, the country’s Honorary Consul in Nigeria, Bidemi Sonoiki, said Nigerians would soon benefit from visa-free entry, a move designed to encourage business, tourism and educational exchanges.

According to him, the arrangement is expected to take effect in July and will make it easier for Nigerians to explore investment opportunities in the island nation.

“Today, Grenada presents a compelling opportunity for Nigerian investors and entrepreneurs looking to access new markets beyond Africa,” Sonoiki said.

He also disclosed that talks were ongoing to establish direct flights between Nigeria and the Caribbean within six months, describing improved connectivity as key to boosting trade and investment flows.

Sonoiki said Grenada was promoting opportunities across sectors including tourism, healthcare, agriculture, education, fintech, logistics, renewable energy and real estate.

“We want Nigerian investors to see Grenada not simply as a Caribbean destination, but as a strategic business platform,” he said.

He noted that relations between both countries had grown steadily since the opening of Grenada’s honorary consulate in Lagos in 2022, leading to stronger business collaboration and the establishment of the Nigeria-Grenada Chamber of Commerce.

“The future of Nigeria-Grenada relations is exceptionally promising,” Sonoiki added, expressing confidence that deeper cooperation would create fresh opportunities for businesses and investors in both countries.