40 New Investors Indicate Interest To Invest In Nigeria – NNPC Boss | Independent Newspapers Limited
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40 New Investors Indicate Interest To Invest In Nigeria – NNPC Boss

Posted: Jul 8, 2015 at 12:00 am   /   by   /   comments (0)

By Chibuzor Emejor,  Abuja


Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Uju Hassan-Baba, has said no fewer than 40 new foreign investors have indicated interest to invest in Nigeria, as Nigeria still remains the preferred investment destination in Africa.

Hassan-Baba,  who stated this while speaking with newsmen after receiving an investment delegation from the Royal Republic of Thailand led by the Executive Director of Regional Investment and Economic Center 2, Office of the Board of Investment, Werapong Siriwon, said that the interest of the businessmen was stimulated by the success of the 2015 general election and the determination of President Muhammadu Buhari administration to provide conducive environment for investment to boost its efforts of diversifying the nation’s economy.

She noted that the rebasing of Nigeria’s economy showed its diversification and the relevance of the economic sectors, adding that the favourable investment policies of the Federal Government accounted for the positive result.

She said the number of investors trooping into the country for businesses is encouraging, noting that it was an indication of confidence that the international community has in Nigeria as the most preferred investment destination in Africa.

According to Hassan-Baba:,“I assumed office a month and two weeks ago, and I think the progress we have made is encouraging in the sense that the lull in the investors coming to the NIPC to inquire about government policy regarding investment has greatly increased and for me that is a positive indication that the international private players in the capital market are once again looking at Nigeria as top destination for investment and I think that’s a good indication.”