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FG commits to favourable investment climate

By Eniola Daniel on 23/09/2017

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•Foreign Affairs Minister, Geoffrey Onyeama
•Foreign Affairs Minister, Geoffrey Onyeama

The Minister of Foreign Affairs, Geoffrey Onyeama, has assured investors of the Nigerian government’s commitment to providing a favourable investment climate to ensure high returns.

The minister made this assurance at the Nigeria-U.S meeting between urban land developer, Rendeavour; senior officials of the government, representatives of the Nigerian private sector and American investors to discuss ease of doing business and foreign investment. The dignitaries at the forum agreed that Nigeria with its strategic role in Africa must be made conducive for investment to boost investor’s confidence and for investment to thrive.

Onyeama, who spoke on behalf of the President, said they would not betray the confidence the U.S. investors have in Nigeria. The minister said that the high-level representation of the government demonstrated the commitment of the Buhari-led administration to making the U.S.-Nigeria partnership really work.

Chairman of Rendeavour, Frank Mosier, who lauded the Nigerian Government for partnering with private sectors, said Rendeavour is currently investing over $250 million on infrastructure in Jigna, a mixed-use development in Abuja with thousands of homes, offices and shops, as well as schools and medical facilities.

According to Mosier, Jigna is expected to catalyse an estimated $1 billion of additional investment in Abuja, and create tens of thousands of jobs.

Executive Secretary for the Nigerian Investment Promotion Commission (NIPC), Yewande Sadiku, said they are aware of the bottlenecks for investors and businesses and are addressing them. (The Guardian)

Source News Express

Posted 23/09/2017 1:42:30 PM





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