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No Better Time Than Now To Invest In Nigeria – Rendeavour

Nigeria is an important investment destination that no serious investor can ignore, the Chairman of Rendeavour, Africa’s largest urban developer, Frank Mosier, has said. Mosier … Continue reading No Better Time Than Now To Invest In Nigeria – Rendeavour


Minister of Foreign Affairs, Geoffrey Onyeama, and Chairman of Rendeavour, Frank Mosier
Minister of Foreign Affairs, Geoffrey Onyeama, and Chairman of Rendeavour, Frank Mosier

Nigeria is an important investment destination that no serious investor can ignore, the Chairman of Rendeavour, Africa’s largest urban developer, Frank Mosier, has said.

Mosier said this in New York when senior officials of the Federal Government joined representatives of the Nigerian private sector and American investors to discuss ease of doing business and foreign investment at the Nigeria-U.S. Business and Investment Forum in New York.

“Nigeria is an investment destination that no serious Africa investor can ignore, and I assure you that there is no better time than now to invest in Nigeria,” Mosier said, while introducing Minister of Foreign Affairs, Geoffrey Onyeama, to speak at the forum.

“Building a 20-year real estate and infrastructure investment like Jigna in Abuja or Lekki City in Lagos naturally has its challenges, but with the support of government, we can ensure that all due process is followed to avoid frustration of foreign investors,” he was quoted as saying in a statement.

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.

As a result, according to Mr Mosier, Jigna is expected to catalyse an estimated $1billion of additional investment in Abuja, and create thousands of jobs. A similar amount is to be invested in Lekki City, Rendeavour’s project at the Lekki Free Trade Zone.

At the forum, Onyeama assured investors that the government would provide a favourable investment climate to ensure high returns.

“What we are offering the investors is a much more stable environment; a lot more enabling business environment; one-stop shop for registration of names, for getting passport, for coming into the country,” the minister was quoted as saying.

He 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.

The forum was also attended by representatives of the Nigerian private sector and leading U.S. investors, including Rendeavour, Atlas Merchant Capital LLC, CitiGroup and Massmart/Walmart.