Nigerian and St. Kitts and Nevis investors are set to deepen economic ties through collaborative ventures and symbolic trade relationships, according to Barr. Nwachukwu Okafor, Chief Executive Officer of Angel Global.
Okafor made the call during a visit by the former CEO of the St. Kitts Investment Promotion Agency (SKIPA), Roslyn Hazelle, in Abuja, stating that the investments opportunities are enormous and by holding a passport of St. Kitts, Nigerians will have access to over 150 countries of the world including UK, Canada and other European countries.
A significant milestone in this partnership will be the African-Caribbean Investment Summit, scheduled for March 2025 in Abuja, Nigeria. The summit will spotlight investment opportunities between Nigeria, St. Kitts and Nevis, and other Caribbean nations.
“The investment amount starts from $250,000 for individuals seeking the St. Kitts and Nevis passport,” Okafor said. “This initiative also invites investors into St. Kitts through collaboration with the Nigerian government.”
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Former SKIPA CEO Roslyn Hazelle provided further insights into St. Kitts and Nevis, describing the English-speaking Caribbean nation as home to about 52,000 people with a literacy rate of 90% and a highly educated workforce.
Hazelle assured potential investors of the country’s economic stability, pointing to its strong currency—the Caribbean dollar, which is valued at $2.7 Caribbean dollars to $1 US dollar—and its lack of personal income tax. “We pay social security based on salary levels, and the country also permits dual citizenship,” she said.
Hazelle also noted the advantages of investing in St. Kitts and Nevis, which include transparent, well-regulated financial services, exemption from import duties, and a welcoming business environment.