Former Nigerian President Olusegun Obasanjo,
secured 2,000 square meters of land in Ethiopia to join hotel and tourism business.
He has now secured 2,000 square meters of land near Bishoftu (Debre Zeit) town of Oromia Region called Ada. The former Nigerian President has taken the land two months a go and he is now about to implement his investment on the land located 50 Kilometers east of the capital -Addis Ababa.
Obansanjo’s intention to invest in Bishoftu has come following the footsteps of Djibouti’s president, Ismael Omar Guelleh, who took 10,000 square meters of land last year to build holiday home in Bishoftu and also bought 3,000 square meters of land for agriculture in Bale, Oromia Region of the country.
After Bishoftu town’s administration approved anew master plan last year, many investors are now investing in the town, which is known for its eight unique lakes.
Following that from 8 to 10 October, 2006 President Olusegun Obasanjo paid a three day state visit to Ethiopia, Visited flower farms in Bishoftu area.
Nigeria, through its technical cooperation, has been sending teachers to Ethiopia to make their contributions in higher learning institutions. “Ethiopia has become the largest recipient of Nigerian volunteers, in the area of Technical Aid Corps (TAC),” stated the information obtained from the official website of Ethiopia’s Ministry of foreign Affairs.