President Buhari Promises Conducive Environment For Business

BuhariIn fulfillment of his campaign promises, Nigeria’s President, Muhammadu Buhari, has given an assurance that his administration will take all necessary measures in ensuring conducive operating environment for businesses, to boost employment in the country.

According to a statement released by the Special Adviser to the President on Media and Publicity, Femi Adesina, the President made the promise during a meeting with the new Japanese Ambassador to Nigeria, Mr. Sadanobu Kusaoke, to whom he gave assurances that his administration will welcome greater investment inflows that will create more job opportunities.

President Muhammadu Buhari said that his administration will take all necessary actions to significantly improve the operating environment for domestic and international companies in Nigeria as part of its efforts to boost employment in the country.

He said that the Federal Government, under his leadership, will welcome greater investment inflows from Japan and other developed nations in support of its plans to revitalize the Nigerian economy and create more jobs.

The President told Mr. Kusaoke that his administration will particularly welcome more trade and economic cooperation with Japan in the manufacturing, technology and agricultural sectors.

“I was very impressed with the role your Prime Minister played at our talks with G-7 leaders in Germany. He had a deep understanding of the challenge in the North-East of Nigeria and how it is affecting our economy.

“We look forward to a stronger partnership with your country in many areas, especially in technology, which is now the major driver of job creation across the world today,” President Buhari told the new Japanese ambassador who was at the Presidential Villa to present his letters of credence.

The President also received the letters of credence of the new Ambassador of Ukraine, Dr. Valerii Aleksandruk and the new High Commissioner of Pakistan, Lt. Gen. Agha Muhammed Umer Farooq.

All the new envoys assured President Buhari that they will work very hard to maintain and strengthen existing relations between Nigeria and their respective countries during their tenure in Abuja.

President Buhari had promised in his inaugural speech to ensure adequate power supply which would boost the activities of small business owners, resulting in growth of the Nigerian economy. He also promised to quickly examine the best way to revive major industries and accelerate the revival and development of the railways, roads and general infrastructure.”

Japan Issues Nigeria $85million Loan To Eradicate Polio

Japan NigeriaThe fight against polio in the country has received additional boost with an 85million dollars loan facility‎ by the Japanese Government.

At a meeting in Abuja, the Japanese Ambassador to Nigeria, Mr Ryuichi Shoji, explained that the loan facility would assist in closing gaps of financial assistance required to achieve zero polio cases in the country.

Speaking about the Japanese Government’s 14 year partnership with the Nigerian Government in the area of polio eradication, he said that the $85 million loan would have preferential interest rate of 0.2% per cent.

“The loan will be utilised for procurement of polio vaccines for children under five years of age,” Mr. Shoji said, adding that this would also have positive impacts on other countries.

“As long as a single child remained infected, children in all countries were at risk of polio”, he said.

Nigeria Country Representative, Bill and Melinda Gates Foundation, Mairo Mandara, said that Nigeria’s polio eradication efforts have experienced notable progress owing to the political support it has enjoyed.

Revealing conditions surrounding the loan, she said: “After Nigeria has executed the loan agreement, the foundation will commit to repay the loan to Japan on behalf of Nigeria if the required immunisation coverage rates are met.”

On his part, the Minister of Health, Professor Onyebuchi Chukwu, promised to ensure prompt provision of vaccines to stamp out the scourge.

“The signing of the MOU is an important milestone for the country. It will help us to ensure the availability of vaccines and timely delivery.

“It is my hope that with the loan, polio will be interrupted this year,” Mr. Chukwu said.

$85 million is about 14billion Naira.