President Muhammadu Buhari has noted that Nigeria has some of the largest “Returns-on-Investment’’ and very appealing investment opportunities.
In a Statement, Femi Adesina, Special Adviser on Media and Publicity, disclosed that President Buhari had said so on Thursday, August 29, while giving a speech at the seventh Tokyo International Conference on African Development (TICAD7), in Yokohama, Japan.
Buhari, however, added that he’s anticipating a good turn out from prospective investors “in the following priority sectors in Nigeria, namely, power and renewable energy, petrochemical and gas, maritime (shipping and ports), automobiles, mining, agribusiness, healthcare and pharmaceuticals, ICT and railway.”
The President who delivered a speech themed “Public-private business dialogue” at the plenary session promised prospective investors that their investments will yield good results due to the ongoing rehabilitative measures deployed by his leadership.
Buhari disclosed that he has 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.
“Nigeria 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.’’ He said.
The President pointed out power, transportation, infrastructure, maritime/shipping, agro-processing, mining, manufacturing, petrochemicals, food processing, textiles to mention a few, as “key drivers to the diversification of the Nigerian economy as well as priority areas that will drive our economic agenda.”
He, however, maintained his positivity towards “welcoming prospective investors to Nigeria.”
In evaluating the relationship between Nigeria and Japan, President Buhari applauded the friendship and economic cooperation between the two nations.
He qualified Japan as “a strategic partner for our socio-economic development” and mentioned that Nigeria is willing to strengthen further the relationship with key public and private sector stakeholders in both nations.
Buhari commended the level of agreement concerning the establishment of the Japan-Nigeria Business Facilitation Council, an initiative of the Japanese government, which would be launched as he returns to Nigeria.
“I look forward to positive reports of increased trade and investment between Nigeria and Japan from these initiatives,” he said.
According to him, the TICAD forum was for the betterment of Nigeria in many aspects, saying that it “coincides with the period when the country is faced with a number of challenges that affect our economy.”
He noted that the Buhari led government has put in place measures seeking to diversify the economy by improving agriculture, manufacturing and also energy and infrastructure deficit.
Buhari said “with these we shall be placing Nigeria on the path of rapid growth and sustainable development. 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.”
President Buhari further thanked the Prime Minister of Japan, Shinzo Abe, for his unwavering commitment to strengthening trade and investment between Japan and Africa through various initiatives, partnership and support of the Japanese government.