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Banking/Investments

Buhari, ministers lure investors with new policies at 72nd UNGA

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President Muhammadu Buhari and three ministers on Tuesday addressed the world on new business and investment windows in Nigeria at the ongoing 72nd United Nations General Assembly (UNGA), New York.

In his emotion-laden speech, Buhari touched several global challenging issues in need of collective attention of the world and called on international investors to see Nigeria as the destination.

President Buhari shortly after his speech entered into bilateral talks with the head of Jordan government.

Buttressing Buhari’s presentation during the Nigeria-U.S. Business and Investment Forum in New York, the trio of the Minister of Trade, Industry and Investment Dr. Okechukwu Enelamah, Minister of Solid Minerals, Dr. Kayode Fayemi, and his Foreign Affairs counterpart Geoffrey Onyeama unveiled three strategic reforms that will interest global investors.

Taking the lead, Dr. Enelamah said “We are building infrastructure; we are providing the enabling environment and we are improving on the ease of doing business”.

According to him, the Federal Government is building the Nigeria of the future where things would be done differently from the way they were done in the past.

He explained that “There is a sense of urgency for Nigeria’s industrialization and we are providing the enabling business and investment environment for investors.”

Giving more insights on the depth of reforms introduced by the present government, Onyeama assured that the Federal Government would not betray the confidence the U.S. investors already reposed in Nigeria through the forum.

According to him, “What we are offering the investors is a much more stable environment, a lot of enabling business environment, one-stop shop for registration of names, for getting passport, for coming into the country”.

“We are offering them customs clearances, all the elements that go into making much more enabling. A welcoming business environment is what we are offering.

“And of course we are offering them a huge market of almost 193 million people; we are offering them a bigger market with ECOWAS that they can get access to through Nigeria.

“And we are offering them good governance. Those are things they also welcome. We are trying to offer them more security in the country because that’s a point that was also raised.”

He stressed that the size and packaging of the high-level representation of the government stands as a clear demonstration of the commitment of the Federal Government in making the international investors’ partnership with Nigeria strong and mutual.

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