Categories: Local

Nigeria Remains Most Viable, Attractive Investment Destination In Africa, Buhari Declares

President Muhammadu Buhari gives a speech during Nigeria’s National Day ceremony at the Dubai Expo 2020 in the United Arab Emirates (Dubai).

 

President Muhammadu Buhari Saturday in Dubai declared that Nigeria remains the most viable and attractive investment destination in Africa, adding that the country is on the path of becoming the continent’s leading industrial and trading nation.

Addressing a trade and investment forum at Dubai Expo 2020, organised by the Nigerian Arabian Gulf Chamber of Commerce, Nigeria’s Ministry of Industry, Trade and Investment, and the Nigerian Investment Promotion Commission (NIPC), the President said Nigeria is reaping from the efforts his administration has made to consciously improve the investment environment.

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‘‘Nigeria’s pavilion at the Expo 2020 clearly shows why we remain the most viable and attractive investment destination in Africa. Our location, our natural resources, our population, and our regulations are there for all to see. Nigeria is on its way to become a leading industrial and trading nation in Africa,” special media aide, Femi Adesina quoted Buhari as saying.

‘‘To achieve this, our government focused on policies, projects, and programs that support private sector investors. We introduced numerous fiscal incentives and infrastructure projects aimed at enhancing the viability of investments.

‘‘Despite the adverse global economic environment of recent years, Nigeria’s investment environment has greatly improved both at the national and sub-national levels.’’

The president also assured captains of industry, and entrepreneurs, who have shown interest and commitment to further enhance trade and investment relations with Nigeria, that his administration would continue to work with them to improve the business climate especially as the African Continental Free Trade Area (AfCFTA) comes into full effect.

‘‘Just last month at the Intra Africa Trade fair in Durban, I reminded business leaders that most of Africa’s challenges, whether security, economic or corruption, can be traced to our inability to domesticate the production of our most basic requirements and provide jobs to our teeming and dynamic youth population.

‘‘I am pleased that this Forum focuses on ‘Unveiling Trade and Investment Opportunities in Nigeria,’ and will encourage you all to keep an open mind and look beyond the challenges.

‘‘In this room, we have governors, ministers, and heads of government agencies that can address all your questions and concerns. We are here to support you and I hope you will all take this opportunity to move your investment decisions forward,’’ he said.

The Nigerian leader also used the occasion to express profound gratitude to his hosts, Sheikh Khalifa bin Zayed bin Sultan Al Nahyan, the President of the United Arab Emirates and the Emir of Abu Dhabi, for their unwavering commitment to strengthening trade and investment relations between both countries through various initiatives, partnerships, and support.

Soonest Nathaniel

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