Buhari Woos Foreign Investors In Japan, Says Nigeria Has Attractive Opportunities

President Muhammadu Buhari on Thursday wooed foreign investors at the ongoing seventh Tokyo International Conference on African Development (TICAD7) assuring them of good returns.

President Buhari disclosed this while presenting the country’s statement at Plenary Session Three on “Public-Private Business Dialogue” at the conference in Yokohama, Japan.

“Nigeria has very attractive investment opportunities with some of the highest Returns-on-Investment,” he declared.

The President, according to a statement signed by his Special Adviser on Media and Publicity, Femi Adesina, said he looked forward to welcoming prospective investors in Nigeria’s power and renewable energy, petrochemical and gas, maritime (shipping and ports), automobiles, mining, agribusiness, healthcare and pharmaceuticals, ICT and railway sectors.

He assured that his administration is committed to removing “all impediments to private sector participation in these sectors by creating policies that will ensure consistency, predictability and a level playing field for all.”

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“I have also established a Presidential Committee on Enabling Business Environment, which is made up of key Ministries and prominent businessmen to promote the Ease of Doing Business and make Nigeria more attractive and competitive for investment.”

Reviewing Nigeria-Japan relations, President Buhari commended existing bonds of friendship and economic cooperation between both countries, describing the Asian country as “a strategic partner for our socio-economic development.”

He disclosed Nigeria’s intention to “further encourage relationships with key public and private sector stakeholders” in both nations.

Buhari expressed delight with the level of discussions on the establishment of the Japan-Nigeria Business Facilitation Council and described TICAD Forum as important to Nigeria in many respects.

He noted that his administration “has put in place measures seeking to diversify the economy by developing agriculture, emphasising on manufacturing and addressing the energy and infrastructure deficit.”

“TICAD is also coming at a time when our government is implementing home-grown and private sector-driven economic measures that are predicated on good governance, infrastructure and human capital development as well as, business climate reform,” he said.

According to him, “Nigeria and indeed Africa, expect much from this Forum in terms of investment, considering the role of Foreign Direct Investment in all economies – developed and developing.”

President Buhari also expressed Nigeria’s gratitude to the Japanese Prime Minister, Shinzo Abe, for his commitment to strengthening trade and investment between Japan and Africa.

See more photos of President Buhari at the Plenary Session 3 during the conference below…

President Buhari Attends TICAD Opening Ceremony In Japan

President Muhammadu Buhari on Wednesday joined other leaders at the opening session and plenary of the 7th Tokyo International Conference on African Development in Yokohama, Japan.

Japanese Prime Minister declared the conference opened and disclosed that the Asian country has given Africa many interventions including the clearing of land mines, health care, water supply, building infrastructure and capacity building.

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He also described TICAD as a conference that believes in Africa and one that will continue to guide Africa and Japan.

Leaders who also gave opening speeches at the conference include Al Fatah Elsisi of Egypt; UN Secretary-General, Antonio Guterres and the Africa Union Chairperson, Musa Faki Mohammed among others.

President Buhari is expected to deliver Nigeria’s statement during Plenary Session Three and appraise Nigeria-Japan relations during the conference.

 

See photos from the conference below…

TICAD: Buhari Says Government Will Rehabilitate IDPs

IDPs, President Buhari, TICADThe President of Nigeria, Muhammadu Buhari has promised that the Federal Government will ensure full rehabilitation of the Internally Displaced Persons (IDPs) and find lasting solutions to combat threats of terrorism in the nation’s northeast.

Speaking at the opening of the sixth Tokyo International Conference on African Development (TICAD) holding in Nairobi, Kenya, President Buhari stated that since life had started returning to normal where the IDPs were displaced, it was important for his administration to re-unite them with their families.

He acknowledged Japan’s assistance through the United Nations Children’s Emergency Fund (UNICEF), and other development partners for their support towards the rehabilitation of the victims of Boko Haram and improving the lives of IDPs.

The two-day summit with the theme “Advancing Africa’s sustainable Development Agenda-TICAD Partnership for Prosperity”, is being held outside of Japan for the first time since inception in 1993.

It is  co-organised by the Government of Japan, the United Nations Office of the Special Adviser on Africa, the United Nations Development Programme, the African Union and the World Bank.

It focused on promoting structural economic transformation through diversification and industrialisation; promoting resilient health system for quality life and promoting social stability for shared prosperity.

President Buhari is expected to hold a bilateral meeting with the Japanese Prime Minister, Shinzo Abe in the course of the summit.

No fewer than 35 African leaders are are attending the high level summit also attended by leading private sector companies from Japan.

This will be the first time TICAD is being held in Africa since its inception in 1993.