President Muhammadu Buhari on 4th December 2021 in Dubai declared that Nigeria remains the most viable and attractive investment destination in Africa, adding that the country is on the path of becoming the continent’s leading industrial and trading nation.
Addressing a trade and investment forum at Dubai Expo 2020, organized by the Nigerian Arabian Gulf Chamber of Commerce (NAGCC), Nigeria’s Ministry of Industry, Trade and Investment, and the Nigerian Investment Promotion Commission (NIPC), the president said Nigeria is reaping from the efforts his administration has made to consciously improve the investment environment.
‘‘Nigeria’s pavilion at the Expo 2020 clearly shows why we remain the most viable and attractive investment destination in Africa.
‘‘Our location, our natural resources, our population, and our regulations are there for all to see. Nigeria is on its way to become a leading industrial and trading nation in Africa.
‘‘To achieve this, our Government focused on policies, projects, and programs that support private sector investors.
‘‘We introduced numerous fiscal incentives and infrastructure projects aimed at enhancing the viability of investments.
‘‘Despite the adverse global economic environment of recent years, Nigeria’s investment environment has greatly improved both at the national and sub-national levels,’’ he said.
President Buhari assured captains of industry, and entrepreneurs, who have shown interest and commitment to further enhance trade and investment relations with Nigeria, that his administration would continue to work with them to improve the business climate, especially as the African Continental Free Trade Area (AfCFTA) comes into full effect.
‘‘Just last month at the Intra Africa Trade fair in Durban, I reminded business leaders that most of Africa’s challenges, whether security, economic or corruption, can be traced to our inability to domesticate the production of our most basic requirements and provide jobs to our teeming and dynamic youth population.
‘‘I am pleased that this Forum focuses on ‘Unveiling Trade and Investment Opportunities in Nigeria,’ and will encourage you all to keep an open mind and look beyond the challenges.
This event provides a forum which unveils the multiple investment opportunities within Nigeria, with the aim of strengthening the trade ties between Nigeria and the rest of the world, particularly the Gulf region.
The Nigeria Trade and Investment Forum was an exclusive event graced by His Excellency Muhammadu Buhari GCFR, President of the Federal Republic of Nigeria, along with distinguished Ministers, Diplomats, and other dignitaries who presented the pipeline of investment opportunities in Nigeria.
The NTIF presents an opportunity for global business communities and leaders to network with stakeholders in private and public sectors from Nigeria. It explores new business opportunities, match-make Nigerian entrepreneurs with investors around the globe; grow businesses and create global market linkages. The sectors of focus at the forum included agriculture, transportation, education, oil and gas, manufacturing, health, power, technology, and construction.