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Nigeria Remains Best Investment Destination Says Buhari by Okoroawusa: 11:24pm On Mar 02, 2018 |
President Muhammadu Buhari on Thursday
reiterated that Nigeria remained the best and
most attractive investment destination in
Africa.
The President disclosed this at a meeting with
a Qatari business delegation led by former
Emir of Qatar, Sheikh Hamad Bin Khalifa Al-
Thani at the State House, Abuja.
He welcomed the rise in foreign private
investments in the country.
President Buhari described Federal
Government’s economic agenda as one
designed to move the country from over-
reliance on crude oil and food importation to
increased domestic production.
He added that the policy had in the past two
years turned Nigeria into one of the most
attractive investment destinations in Africa.
He said “our administration’s main economic
agenda is to move away from over-reliance on
crude oil and food importation.
“Nigeria is a blessed country. We have fertile
land. We have young and energetic population.
And we have a very strong legal and regulatory
system that protects capital and investments,
both local and foreign.
“As you are aware, Nigeria just exited its
worst recession in more than two decades. We
have more than doubled our foreign reserves.”
The President noted that his administration
was winning the war against corruption, and
developing the nation’s infrastructure, as well
as enforcing the rule of law.
He said: “as a result of this, we are seeing
significant growth in the non-oil sector which
is creating thousands of jobs across the
country.”
He cited the current strategic partnership
between Moroccan and Nigerian fertilizer
companies as part of the success stories.
He said “`today, due to this alliance, Nigeria
has over 13 functioning fertilizer blending
plants with another four in the pipeline. This is
purely driven by private sector.
“In 2017 alone, we saw significant
commitments and agreements by major global
organisations in infrastructure projects such as
the proposed nine billion dollars Dangote
Refinery and Petrochemical complex in Lagos.
“Also, there was the completed 600 million
dollars Lafarge Plant in Calabar; the proposed
rail stock; the proposed 1.3 billion dollars
public private partnership with General Electric
on Rail Track Development and the proposed
ENI/Agip rehabilitation of Port Harcourt
Refinery.”
He noted that “these were clear indications
that foreign private companies were coming
back to Nigeria and making massive
investments within the nation’s existing legal
and regulatory framework.”
In his remarks, Sheikh Al-Thani said the global
opinion on Nigeria as an investment
destination had been boosted by President
Buhari’s strong standing against corruption
and adherence to the rule of law.
He expressed his delegation’s interest in
investing in Nigeria’s oil, railway, aviation and
power sectors.
The former Prime Minister of Qatar, Sheikh
Hamad Bin Jassin Bin Baber Althani, was also
part of the Qatari business delegation in the
country. |
Re: Nigeria Remains Best Investment Destination Says Buhari by forreelinc(m): 11:26pm On Mar 02, 2018 |
dey deceive yourself |
Re: Nigeria Remains Best Investment Destination Says Buhari by immortalcrown(m): 11:29pm On Mar 02, 2018 |
False speech offenders should die by hanging. |
Re: Nigeria Remains Best Investment Destination Says Buhari by FarahAideed: 11:30pm On Mar 02, 2018 |
Not under you ...Under you the only thriving thing is bloodshed and uncertainty. |
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