- President Muhammadu Buhari is once again pitching to the world on Nigeria's immense opportunities
- Buhari reminded the world why Nigeria is the giant of Africa at the ongoing Expo 2020 Dubai in the United Arab Emirates
- Buhari highlighted Nigeria as the best place in Africa for any investor seeking to grow their wealth
The President also added that the country is on the path of becoming the continent’s leading industrial and trading nation.
Buhari disclosed this while addressing a trade and investment forum at Dubai Expo 2020, organised by Nigerian Arabian Gulf Chamber of Commerce, Nigeria’s Ministry of Industry, Trade and Investment, and the Nigerian Investment Promotion Commission (NIPC).
The president also stressed that 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.
‘‘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
President Buhari 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.
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‘‘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."
We are Ready for Business
In a related story, Legit.ng reported President Muhammadu Buhari was in France with his economic advisers to attract more international businesses to Nigeria.
Nigeria's economy is in desperate need of foreign investment as oil revenues continue to decline and the country's growth has to be accelerated.
Nigeria's foreign investment fell to $875.62 million in the second quarter of 2021, compared to $148.59 million in the same time previous year.