• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

      DG NITDA Inuwa Kashifu at the GITEX Nigeria

      Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

  • National
    • Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

      BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

    • Government
      • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

        Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

        Officers of NSCDC Mining Marshals

        Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

        FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots…

        ASUU-STRIKE

        Strikes in Nigeria and the Collapse of Public Service By Tahir…

  • Security
    • NSCDC, Army Foil Bandit Attack on Plateau Farmers

      Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

      Military Troops in Action

      Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto,…

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

      Military Troops in Action

      Troops Ambush Militia Plotting Attack on Plateau Villagers

  • Features
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      ACP Olumuyiwa Adejobi

      DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication

      (L-R) Yahaya Bello and Usman Ododo of APC Kogi

      RECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat Bello

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

  • State
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      NSCDC, Army Foil Bandit Attack on Plateau Farmers

      Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

      Military Troops in Action

      Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto,…

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

  • Event
    • BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Vice President Kashim Shettima and President Bola Ahmed Tinubu

      Shettima at 59: Tinubu Hails VP’s Loyalty, Commitment to Service

      Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

    • PR Nigeria Award
  • E-Paper
Home Government Nigeria remains best Investment Destination in Africa, FG tells Investors
  • Government

Nigeria remains best Investment Destination in Africa, FG tells Investors

By
Akpandem James
-
September 28, 2018

Nigeria remains best Investment Destination in Africa, FG tells Investors

Key foreign investors, who met at various meetings with the Nigerian Government delegation to the United Nation’s General Assembly in New York during the week, expressed interest in scaling up investment in Nigeria.

At an Investors Roundtable held under the auspices of the Business Council for International Understanding (BCIU), the investors said Nigeria remains the best investment destination in Africa with enormous natural and human resources,.

They believe Nigeria’s current government continues to show a commitment to creating a conducive business environment in the country.

Minister of Budget and National Planning, Senator Udoma Udo Udoma, who gave the opening remarks at the event, appreciated the interest the investors are continuing to show in Nigeria and thanked them for their willingness to spread the good news to others about the opportunities Nigeria offers to investors.

Senator Udoma said Nigeria’s President Mohammadu Buhari had promised the people that he will restore peace in the troubled zones of the country, fight corruption and grow the economy. “The Buhari administration has worked hard to ensure that those election promises are fulfilled,” he said.

“The present government inherited a challenged economy with very weak fundamentals, but has worked hard towards not only getting the economy out of recession, but placing it on a path of sustained inclusive growth through a series of policy initiatives and deliberate actions”, the Minister said.

Diligent implementation of the initiatives, he said, has resulted in the economy emerging from recession within a short time and beginning to grow again. He emphasised the fact that Nigeria’s Economic Recovery and Growth Plan (the ERGP) is anchored on partnership with the private sector with the Government helping to create the enabling environment.

That is why the government is focused on improving the country’s infrastructure and creating an environment with improvements in the ease of doing business, to encourage and attract local and global investors. Government is also focused on social development by increasing investments in education and health so as to improve the quality of the country’s education and health facilities. He emphasised the importance of having a well educated, healthy and productive nation.

There is no cause for investors to worry about the next year’s general elections, the minister told the gathering, as there will be no slow-down in the implementation of government programmes and policies in the period leading up to the elections; as he explained that the ERGP is a medium term economic blueprint which runs through 2020.

The Plan, he explained was produced after extensive consultations with all the relevant sectors, including the sub national governments, private sector, academia, development partners and civil society organizations; and was endorsed by the National Assembly and the National Economic Council, among others. “It is a Nigerian document, accepted by all Nigerians,” he said.

Finance Minister, Mrs Zainab Ahmed who spoke after Senator Udoma, explained that significant progress has been made with the implementation of many of the policy initiatives of government, citing the stabilization of the country’s currency, consistent downward trending of inflation, increased foreign reserves, fiscal discipline in government, and a commitment to creating a conducive business environment. There has also been increased revenues, she said. These developments have helped in increasing investor confidence in Nigeria, she added.

Read Also:

  • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar
  • DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
  • NSCDC, Army Foil Bandit Attack on Plateau Farmers

The Finance Minister said government officials are under instruction from the President to stay focused on the business of governance notwithstanding the upcoming elections.

The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, also spoke along similar lines.

He pointed out that the Federal Government has been working with the sub national governments and the National Assembly to introduce measures to improve the enabling environment for doing business; and indicated that these efforts have been acknowledged by the World Bank which, in 2017, rated Nigeria as one of the ten most reforming countries in the world.

He also spoke about the determination of the Government to develop world class Special Economic Zones in each of the six geopolitical regions of the country in partnership with the state governments and the private sector.

Dr Enelamah concluded his remarks by emphasising that Ministers in the Government are here to serve, and are easily accessible to address any problems investors may experience.

Edo State Governor, Mr Godwin Obaseki, confirmed that State governments have been working closely with the Federal Government through the National Economic Council to create the enabling environment for businesses to thrive in the country. “States are the laboratories where all Federal Government policies are being implemented. They are the platforms for practicalising the policies and initiatives brewed in Abuja” he said.

The sub national governments are also driven by a sense of urgency to grow the economy, Obaseki said. His priority, as a governor, is to build the capacity of his people and attract investment to his state which is strategically located as the gateway to both the eastern and western parts of the country, as well as the North central region, he said.

The event which was organized by the Nigerian Investment Promotion Commission (NIPC) and was moderated by Peter Tichansky, the President and Chief Executive Officer of BCIU. It was attended by more than 31 international organizations, including chief executive officers and representatives from Shell Oil Company, Walmart, Motorola Solutions, Coca Cola, Boeing International, United Arab Emirates, Procter and Gamble, AAR Corporation, 3M, APR Energy, Gilead Sciences, SAAB Middle East and Africa, American Tower Corporation, Oliver Wyman Corporation, Rendeavour, IMS Engineers, Credence ID, Abbott Laboratories, Medtronic, Lafarge CIM Nigeria, Flour Mills of Nigeria, Olam Nigeria and ACIOE LLC, among others.

The Edo State Governor and the Ministers on Wednesday evening participated in the Zenith Global Economic Forum on “Nigeria Open for Business,” attended by foreign investors, as well as some Nigerian business leaders. Those at the Forum included the Ministers of Budget and National Planning; Finance; Industry, Trade and Investment; Power, Works and Housing, Mr Babatunde Raji Fashola; Central Bank Governor, Godwin Emefiele; Channels TV Chairman, Mr John Momoh; Thisday Newspapers’ Chairman, Prince Nduka Ogbaigbena; Chairman of Coronation Capitals, Mr Aigboje Imuokhuede; United Nations representatives in Nigeria and Zenith Bank Chairman, Mr Jim Ovia, among others.

On Thursday, Senator Udoma, Mrs Ahmed, Mr Emefiele, the Director of the Debt Management Office, Mrs Patience Oniha and the Executive Secretary of NIPC, Ms Yewande Sadiku, had a series of one-on-one and conference call meetings with more than eight high rate investors to explain current happenings in the country as it affects foreign investments in Nigeria and assured them of policy consistency, adherence to global best practices and the safety of their investment in the country.

Signed
Akpandem James

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Busines
  • economy
  • fg
  • INVESTORS
Previous articleNAF Destroys Boko Haram Hideout at Bakassi
Next articleAGF Assures Payment of Salaries Despite Labour Strike
Akpandem James
Akpandem James
Xing

RELATED ARTICLESMORE FROM AUTHOR

Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

Officers of NSCDC Mining Marshals

Nigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo Laruba

FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots Anti-Corruption Drive

ASUU-STRIKE

Strikes in Nigeria and the Collapse of Public Service By Tahir Ahmad

President Bola Ahmed Tinubu

Tinubu Orders Mandatory Health Insurance Implementation Across MDAs

Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private Sector Growth

School Students

New Education Curriculum: Full List of JSS, SS Subjects

Tinubu Orders Overhaul of Katsina Security Operation, Hints at State Police

Minister of Interior Olubunmi Tunji-Ojo

Eid-ul-Maulud: FG Declares Friday Public Holiday

Care365 Health Hub

VP Shettima, Health Minister Endorse Care365 Drive for Inclusive Healthcare

President Tinubu and VP Shettima

The Politics and Tinubu’s Wishes to Shettima

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar
  • DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
  • NSCDC, Army Foil Bandit Attack on Plateau Farmers
  • Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship
  • Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf AbubakarDCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police CommunicationNSCDC, Army Foil Bandit Attack on Plateau FarmersEid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun PartisanshipTroops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in KatsinaMilitary Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto, KebbiTroops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in ZamfaraTroops Ambush Militia Plotting Attack on Plateau VillagersRECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat BelloBUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or VirtuallyNigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo LarubaBuilding Resilience: Crisis Communication in Modern Organizations By Princewell N. AchorIGP Egbetokun Appoints CSP Hundeyin as New Force PROMilitary Explains Why Retirees Can’t Benefit from New Minimum Wage ChartCustoms Begins Live Operations of Automated Excise Register System
X whatsapp