President Muhammaudu Buhari has wooed foreign investors at the ongoing seventh Tokyo International Conference on African Development (TICAD7), assuring them of good returns.
While presenting Nigeria’s statement at Plenary Session Three on “Public-Private Business Dialogue” at the conference in Yokohama, Japan, the President declared: “Nigeria has very attractive investment opportunities with some of the highest Returns-on-Investment.”
In a statement signed by his Special Adviser on Media and Publicity, Femi Adesina, the President noted that he is looking forward to welcoming prospective investors in Nigeria’s crucial sectors of power and renewable energy, petrochemical and gas, maritime (shipping and ports), automobiles, mining, agribusiness, healthcare and pharmaceuticals, ICT and railway.
Noting 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,” he expressed confidence that, “With these we shall be placing Nigeria on the path of rapid growth and sustainable development.”
The statement further read that the 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.”
“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,” the President said.
President Buhari commended the existing bonds of friendship and economic cooperation between both countries, describing the Asian country as “a strategic partner for our socio-economic development,” and expressed his gratitude to Japanese Prime Minister, Shinzo Abe, “for his unwavering commitment to strengthen trade and investment between Japan and Africa through various initiatives, partnership and support of the Japanese Government.”