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‘Nigeria attains new milestones in economic reforms’

Nigeria’s quest for economic growth and development attained important milestones in the last 12 months, with the power sector, capital market, ports, agriculture and foreign direct investments recording significant improvements.

Chairman of Stanbic IBTC Holdings Plc, Mr. Atedo Peterside, said Nigeria’s economy has reached a threshold, a critical phase during which the country will accelerate the realization of its vast economic potentials and deliver growth on a sustainable basis.

Speaking at the 2013 Standard Bank West Africa Investors’ Conference in Lagos last week , Peterside, who is also Chairman of the Technical Committee of the National Council on Privatization, said Nigeria’s economic fundamentals are getting stronger every day.

This, he said, is pivotal in helping investors to leverage the attractive investment opportunities that exist in the country and to derive optimal value from such investments. “We all know that a tipping point only becomes unmistakably clear after the fact when one has joined the ranks of those who are left to ponder how they could possibly have missed out,” Peterside stated.


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