…Says Nigeria secured for investment
By Bimbola Oyesola
The Federal Government has assured foreign investors that Nigeria is good, open and secure for business, as President Muhammadu Buhari administration has taken concrete steps to diversify the economy and restore sustained growth. Minister of Labour and Employment, Senator Chris Ngige, while presenting the country’s position at the concluding session of the Labour and Trade Ministerial Round table of the Africa Growth and Opportunity Act (AGOA) in United States of America, at the weekend said the present administration has made significant gains in fighting corruption and insurgency as a base for the enthronement of a secured and stable polity.
The Minister expressed the determination of the present administration to create an enabling business environment, attractive to foreign investments.
“President Buhari has taken the initiative to create enabling environment for businesses to grow, attract investments that are essential for growth, expand our manufacturing base and diversify the economy. Perceived constraints on business and investments are being removed so that both can thrive,” he said.
He further said that to ensure that this objective was fully realized, the administration has initiated the Presidential Enabling Business Environment Council (PEBEC) with the, Enabling Business Environment Secretariat (EBES) in the works.
In his remarks, the United States Trade Representative, Michael Froman, assured the increased cooperation and coordination between US agencies such as United States Agency for International Development (USAID) and the United States Department of Agriculture (USDA) and the reconsideration of constraints faced by African nations in trade with the United States of America.