By Franklin Alli
Nigeria is the most attractive emerging economy in Africa that guarantees highest returns on investment, said the Minister of Trade and Investment, Olusegun Aganga.
The Minister, who spoke on “Nigeria, Africa’s preferred destination for investment” during the 2nd Nigeria International Investment Forum held in Lagos, dangled the country’s huge market size of 167 million population and an abundant raw materials for production as reasons for the highest returns on investments.
He said that foreign investors had better come and invest in key sectors of the economy with growth potentials, affirming: “Nigeria offers highest returns on investment.”
According to him prospective investors should take advantage of the country’s competitive edge of huge market size and raw materials, coupled with the fact that government has put in place 84 actionable points to make the environment business friendly.
He pointed out that all investors that had failed to invest in Nigeria in the past had always turned around to regret their decision.
“Investors like MTN took advantage of the opening up of the telecommunications industry in Nigeria while other global players were indecisive. Today those who failed to invest in the sector blame themselves when they see what MTN is making from its Nigerian operation.”
Aganga said Nigeria is at the moment the preferred destination for investment in Africa and ranks number twenty-three globally, stressing that this was an outcome of the effort of government to improve the business environment in the country.