Invest in Nigeria, make good returns, Buhari tells foreign investors at TICAD7

President Muhammadu Buhari on Thursday in Yokohama, Japan, told foreign investors that Nigeria has “very attractive investment opportunities with some of the highest returns-on-investment.”

A statement by Femi Adesina, his special adviser on media and publicity, quoted Buhari to have said this while presenting Nigeria’s statement at plenary session three on “Public-Private Business Dialogue” at the Seventh Tokyo International Conference on African Development (TICAD7).

Assuring potential investors of good returns as a result of ongoing reform measures taken by his administration, Buhari said looked forward to prospective investors making inroads in the following priority sectors in Nigeria, “power and renewable energy, petrochemical and gas, maritime (shipping and ports), automobiles, mining, agribusiness, healthcare and pharmaceuticals, ICT and railway.”

All efforts by his administration to make Nigeria good for investors said, “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.”

Similarly, President Buhari said that his administration was “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.”

Having identified power, transportation, infrastructure, maritime/shipping, agro-processing, mining, manufacturing, petro-chemicals, food processing and textiles among others, as “key drivers to the diversification” of the Nigerian economy as well as “priority areas that will drive our Economic Agenda,” the president said he looked forward to “welcoming prospective investors to Nigeria.”

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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.

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