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Obasanjo proposes strategies to improve investment climate

By  Naomi Uzor

FORMER President, Chief Olusegun Obasanjo, yesterday, proposed strategies to improve the investment climate and reduce the cost of doing business in Nigeria.

Speaking after he commissioned Ota Plant of Nigeria Breweries Plc, he identified some factors militating against developing businesses in Nigeria, to include company registration. Obasanjo who was represented by Chief Abraham Akande, stated: “There must be commitments and efforts to revive the economy through massive inflow of FDI (Foreign Direct Investment).”

Chief Olusegun Obasanjo

He commended NB Plc for its demonstration of confidence in the Nigerian economy by making such an investment, adding that the company’s facility upgraded at the Ota plant was an enviable step which will facilitate the attainment of a self-reliant and self- sustaining economy.

The Ogun State Governor, Senator Ibikunle Amosun, said the company has successfully grown beyond brewing and marketing of world class brands to agricultural sector; provision of infrastructure and sustained investment in youth empowerment/ talent development, and has grown to be a major contributor to the economy of the country. According to him, the State has continued to be attractive to both local and multi-national companies in recent times, adding that, as at the last count, over 100 companies have started their operations in the State, with investment worth over N200 billion.

The company’s Chairman, Chief Kola Jamodu, said the tremendous transformation the NB Plc has witnessed stands as another milestone in the company’s socio-economic development journey with Ogun State and Nigeria.


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