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Oxford Business Group set to promote Nigeria’s investment potentials

Oxford Business Group (OBG), a global publishing, research and consultancy firm has launched a comprehensive report that is designed to showcase and promote Nigeria’s growth and investment potentials.

OBG publishes economic and political intelligence on the markets of Africa the Middle East, Asia, Eastern Europe and the Caribbean.

According to a statement signed by Kate Taylor, Public Relations Manager of the Group, the report which is a business guide and called ‘The Report: Nigeria 2010’, will map out Nigeria’s bid to push ahead with its roadmap for national development, including the ambitious expansion of its non-oil sector and an overhaul of the country’s infrastructure facilities.

She stated that the report which marks OBG’s first publication on the country’s economic activity and investment opportunities, was launched, Monday, in Abuja,  in the presence of key representatives from the fields of politics and business.

She said, “The report will offer in-depth analysis of the transformation that Nigeria’s economy is undergoing, despite challenges prompted by the global downturn, including rapid expansion in both the financial services and telecommunications sectors.

“The report includes a detailed, sector-by-sector guide for foreign investors, together with a wide range of interviews with prominent political, economic and business leaders, including the President of the Federal Republic of Nigeria, Alhaji Umaru Yar’Adua. Other key figures interviewed include the Minister of Finance, Mansur Muhtar, the Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, and the Minister of State for Energy (Petroleum), H. Odein Ajumogobia.

“High profile international figures, such as the President of ECOWAS Commission, Mohamed Ibn Chambas and the Former Secretary-General of the UN, Chairman of the African Progress Panel, the Alliance for a Green Revolution in Africa and the Kofi Annan Foundation, Kofi Annan, also give their views on Nigeria’s economic development.

“As the government moves forward with its Vision 20:2020 plan, in a bid to make Nigeria one of the world’s top-20 economies by 2020, OBG’s report analyses the development strategies aimed at improving Nigeria’s power supply and providing a more attractive business environment for the private sector.

“Widely anticipated to be the most comprehensive English language report on the country’s business activity to date, the report looks in detail at the reforms earmarked for the African state, which come on the back of another year of growth thanks to healthy revenues from the still-dominant hydrocarbons industry.

“As Nigeria, together with the other 14 member states of ECOWAS, forge links in a bid to develop key sectors across the continent, OBG’s report maps out the long-term goals which it is hoped regional cooperation will achieve.

With an agreement in the offing between ECOWAS members and the EU, the business guide charts the large-scale reforms aimed at ensuring that the states meet the criteria for a full Customs and monetary union.

“The Report: Nigeria 2010 has been produced in partnership with the Nigerian Investment Promotion Commission. Contributions have also been made by Ajumogobia & Okeke as OBG’s legal partner and PricewaterhouseCoopers Nigeria as its accountancy partner.


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