• 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
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

      Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

      President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

      Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO…

      WTO Lauds Nigeria Customs for Embracing Global Trade Standards

  • National
    • Domestic Violence

      Marriage and the Silent Wounds Within Homes By Hafsat Ibrahim

      The Nigerian Army @162: A Testament to Sacrifice and National Unity…

      Nigerian Military Troops

      Nigeria, Niger Forces Neutralize Score of ISWAP Terrorists in Mallamfatori

      A Different Kind of War on Drugs By As-Sayyidul Arafat Abdulrazaq

      HAJJ Pilgrims pilgrimage NAHCON

      NAHCON Completes 2025 Hajj Return Operations 

    • Government
      • G7 Countries

        Iran Must Never Possess Nuclear Weapons – G7 Declare

        Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi…

        Dantata laid to rest at Medina Cemetery

        Legendary Business Mogul Aminu Dantata Laid to Rest in Madinah Cemetery

        Tinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with…

        Malam Yusuf Abubakar Dingyadi

        Dingyadi, PDP Chair’s Vocal Spokesperson, Resigns

  • Security
    • Suspected Gunrunner

      Plateau: Troops Nab Suspected Gunrunner, Recover AK-47, Ammunition in Plateau

      Troops Neutralise Scores of Militias in Plateau

      Army providing free medical aid

      Nigerian Army Provides Free Medical Aid, Educational Support in Zamfara Community

      Police, Pharma Manufacturers Partner to Combat Substandard Drugs in Kano

      The Director of Defence Media Operations, Major-General Markus Kangye,

      Nigerian Military Has No Power to Grant Bandits’ Amnesty — DHQ

  • Features
    • Domestic Violence

      Marriage and the Silent Wounds Within Homes By Hafsat Ibrahim

      FutureMap Foundation Sparks Innovation with Design Thinking in Nigeria

      The Nigerian Army @162: A Testament to Sacrifice and National Unity…

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

      A Different Kind of War on Drugs By As-Sayyidul Arafat Abdulrazaq

  • State
    • Suspected Gunrunner

      Plateau: Troops Nab Suspected Gunrunner, Recover AK-47, Ammunition in Plateau

      Troops Neutralise Scores of Militias in Plateau

      Army providing free medical aid

      Nigerian Army Provides Free Medical Aid, Educational Support in Zamfara Community

      Police, Pharma Manufacturers Partner to Combat Substandard Drugs in Kano

      FCT Police Raid Criminals’ Hideouts, Arrest 56 Suspects

  • Event
    • NELFUND

      NELFUND Warns Students Against Fake Loan Application Portal

      EFCC Witness: Yahaya Bello Had No Property Dealings With EFAB

      Hon. Rukayat Motunrayo Shittu (RMS), with PRNigeria Ladies in PR I'm Abuja

      Rukayat Shittu Set to Publish Inspirational Book “Cracking the Glass Ceiling”,…

      Chief Cornelius Olatunji Adebayo

      Former Kwara Governor, Chief Adebayo, Dies at 84

      Managing Editor of Image Merchants, Mr Abdulrahman Abdulraheem, PR Expert, Celestine Achi and the Editor-in-chief, Yushau Shuaib presenting the book to PRNigeria center

      PRNigeria Commends New Book on Artificial Intelligence in Public Relations

    • 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:

  • Plateau: Troops Nab Suspected Gunrunner, Recover AK-47, Ammunition in Plateau
  • Troops Neutralise Scores of Militias in Plateau
  • ‎FACT-CHECK: Are Nigerian Soldiers Protecting Cattle Instead of Citizens in Yelewata Benue State as Shown in a Viral Video?

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

G7 Countries

Iran Must Never Possess Nuclear Weapons – G7 Declare

Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi Arabia

Dantata laid to rest at Medina Cemetery

Legendary Business Mogul Aminu Dantata Laid to Rest in Madinah Cemetery

Tinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with Saint Lucia, OECS

Malam Yusuf Abubakar Dingyadi

Dingyadi, PDP Chair’s Vocal Spokesperson, Resigns

Ambassador Yusuf Maitama Tuggar

Ambassador Tuggar’s Doctrine of Calm in a World on Fire By Umar Farouk Bala

A brief travelogue by Fredrick Nwabufo

Mrs. Didi Esther Walson-Jack

18 Workers, Two MDAs Honoured as Federal Civil Service Week Ends

The Chair WCO Bashir Adewale Adeniyi having a conversation with fellow colleagues.

Nigerian Customs Boss Elected Head of World Customs Body

Comptroller General of Customs Bashir Adewale Adeniyi elected as Chair WCO

NIPR Congratulates Adeniyi on Election as Chair, WCO

Tinubu Mourns Elder Statesman, Business Mogul Aminu Dantata

His Death is National Loss – Northern Governors Mourn Legendary Business Mogul Aminu Dantata

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Plateau: Troops Nab Suspected Gunrunner, Recover AK-47, Ammunition in Plateau
  • Troops Neutralise Scores of Militias in Plateau
  • ‎FACT-CHECK: Are Nigerian Soldiers Protecting Cattle Instead of Citizens in Yelewata Benue State as Shown in a Viral Video?
  • Nigerian Army Provides Free Medical Aid, Educational Support in Zamfara Community
  • Marriage and the Silent Wounds Within Homes By Hafsat Ibrahim
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Plateau: Troops Nab Suspected Gunrunner, Recover AK-47, Ammunition in PlateauTroops Neutralise Scores of Militias in Plateau‎FACT-CHECK: Are Nigerian Soldiers Protecting Cattle Instead of Citizens in Yelewata Benue State as Shown in a Viral Video?Nigerian Army Provides Free Medical Aid, Educational Support in Zamfara CommunityMarriage and the Silent Wounds Within Homes By Hafsat IbrahimPolice, Pharma Manufacturers Partner to Combat Substandard Drugs in KanoFutureMap Foundation Sparks Innovation with Design Thinking in NigeriaNigerian Military Has No Power to Grant Bandits' Amnesty — DHQHow a Single Electricity Market Will Empower Africa’s People and EconomiesThe Nigerian Army @162: A Testament to Sacrifice and National Unity By Sani Kukasheka UsmanWorld’s Largest Electricity Market Kicks Off as AU Launches Steering Committee to Drive Continental IntegrationMilitary Kills Terrorist Commanders, Arrests Over 1,100 Others in Q2 Operations – DHQFCT Police Raid Criminals' Hideouts, Arrest 56 SuspectsNigeria, Niger Forces Neutralize Score of ISWAP Terrorists in MallamfatoriNigeria Customs, ICPC and the Audit of Conscience
X whatsapp