President Muhammadu Buhari on Thursday welcomed the rise in foreign private investments in the country.
The President made the government’s position known at a meeting with a
Qatari business delegation led by former Emir of Qatar, Sheikh Hamad Bin
Khalifa Al-Thani at the State House, Abuja.
President Buhari
described Federal Government’s economic agenda as one designed to move
the country from over-reliance on crude oil and food importation to
increased domestic production.
He added that the policy had in the
past two years turned Nigeria into one of the most attractive
investment destinations in Africa.
He said “our administration’s main economic agenda is to move away from over-reliance on crude oil and food importation.
“Nigeria
is a blessed country. We have fertile land. We have young and energetic
population. And we have a very strong legal and regulatory system that
protects capital and investments, both local and foreign.
“As you
are aware, Nigeria just exited its worst recession in more than two
decades. We have more than doubled our foreign reserves.”
The
President noted that his administration was winning the war against
corruption, and developing the nation’s infrastructure, as well as
enforcing the rule of law.
He said: “as a result of this, we are
seeing significant growth in the non-oil sector which is creating
thousands of jobs across the country.”
He cited the current strategic partnership between Moroccan and Nigerian fertilizer companies as part of the success stories.
He
said “`today, due to this alliance, Nigeria has over 13 functioning
fertilizer blending plants with another four in the pipeline. This is
purely driven by private sector.
“In 2017 alone, we saw
significant commitments and agreements by major global organisations in
infrastructure projects such as the proposed nine billion dollars
Dangote Refinery and Petrochemical complex in Lagos.
“Also, there
was the completed 600 million dollars Lafarge Plant in Calabar; the
proposed rail stock; the proposed 1.3 billion dollars public private
partnership with General Electric on Rail Track Development and the
proposed ENI/Agip rehabilitation of Port Harcourt Refinery.”
He
noted that “these were clear indications that foreign private companies
were coming back to Nigeria and making massive investments within the
nation’s existing legal and regulatory framework.”
In his remarks,
Sheikh Al-Thani said the global opinion on Nigeria as an investment
destination had been boosted by President Buhari’s strong standing
against corruption and adherence to the rule of law.
He expressed his delegation’s interest in investing in Nigeria’s oil, railway, aviation and power sectors.
The
former Prime Minister of Qatar, Sheikh Hamad Bin Jassin Bin Baber
Althani, was also part of the Qatari business delegation in the country.
(NAN)
The fabulous site for Local and international news, Gossips,Music, Celebrity gist, Humor relationship tips and many more.
Subscribe to:
Post Comments (Atom)
Paul Krugman warns Trump just tipped off what he’ll do if Dems take the House
Initially responding to a tweet from President Donald Trump accusing early voters of “voting fraud,” before adding “Cheat at your own peril,...
-
From the world's youngest woman with a full beard, to the world's largest domestic cat, the Guinness World Records (GWR) of 2017 ...
-
The Indigenous People of Biafra, IPOB, on Thursday, February 1, 2018, explained why some Igbo leaders were attacked during the Eastern Co...
-
1. FOCUS ON COMMITMENT, NOT MOTIVATION . Just how committed are you to your goal? How important is it for you, and what are you wi...
No comments:
Post a Comment