By Franklin Alli
THE Minister of Trade and Investment, Olusegun Aganga, said, Tuesday, he was not satisfied with the level of foreign investments coming into the country despite steps taken so far by the Federal government to improve the investment climate in the country.
This was his reaction to the visit of the Management team of the U.S. Export-Import Bank led by its President Mr. Fred Hochberg to his office in Abuja.
“Investment is coming in. I want more. I am not satisfied where we are. We can do far more with the opportunities here. We will do whatever we need to make sure we have the best and make Nigeria Investment designation in terms of improving our investment climate,” he said.
The Minister informed the visiting team that a lot of investors from Asia, Middle East and other countries have been coming to discuss their investment plans in the country, adding that government was ready to remove any barriers to make the country an investment designation.
In his contribution, the Nigerian Ambassador to United States, His Excellency Prof. Ade Adefuye, urged United States investors to show interest in Nigeria’s Power and other sectors privatisation process in order not to lose out from the higher rate of return on investment.
Also, the United States Ambassador to Nigeria, Mr. Terence P. McCulley, pointed out that United States has robust collaboration with Nigeria to create conducive atmosphere for business to strive through capacity training with security agencies across board adding that US investors have shown interest in investing in 50,000 hectares of rice production in Sokoto State.
Earlier, the President, US NEXIM Bank, Mr. Fred Hochberg had pointed out that Nigeria was one of the top nine markets out of 109 countries the Bank was focusing on and that they are willing to cooperate with President Jonathan to improve standard of living of Nigerians
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