Jonathan vows to replicate Asian Tiger feat in Nigeria

Channels Television  
Updated March 26, 2012
President Goodluck Jonathan welcomed by his South Korean counterpart Lee Myung-bak (L)

President Goodluck Jonathan has vowed to replicate the miracle of the Asian Tigers with the Nigerian economy as he wooed Korean investors and assured them of good return on investment in the country.

He also called on the investors to come and partner with the government in the building an economy which he said “has the best prospects of growth in Africa.”

The president made this known while declaring open the Nigeria-Korea Investment Forum on Infrastructure and Energy Development, hosted at the Korea Chamber of Commerce and Industry (KICC). He noted that policies and programmes of his administration were geared towards ensuring that Nigeria becomes one of the top 20 economies in the next 20 years.

According to him, there was need for synergy between the 150 Chief Executives of top Korean companies and across the globe that gathered to listen to presentations on opportunities open to them to invest in and get returns in the Nigerian economy.

President Jonathan told the gathering that vast opportunities abound in Nigeria consisting both human and natural resources which he claimed will be an advantage when compared to the situation of South Korea which attained its development without natural resources. He asked them to explore areas of mutual investment and benefit.

While pleading for their cooperation, he told the audience that his government has set its mind on diversifying the economy and transfer the economy from government to a private driven one. He assured them of good returns on investment and asked them to take advantage of the abundant opportunities adding that, “a world of prosperity is our common goal.”

He also noted that gains such as the ones recorded in the telecoms sector was about being replicated in other sectors of the economy like power, energy, oil and gas and the manufacturing sector especially with the population of over 167 million and a ready market.

Earlier, the Ambassador of Nigeria to South Korea, Ambassador Desmond Akawo said he put together the forum to showcase abundant opportunities where the investors would bring in their expertise and invest in Nigeria which had abundant untapped resources.

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