BY PROVIDENCE OBUH

The Nigerian Economic Summit Group, NESG has disclosed that the Export-Import (EX-IM) Bank is set to spend over $3 trillion in investment in nine countries of the world including Nigeria as Chairman of the bank, Mr. Fred Hochberg will be visiting Nigeria tomorrow.

Other countries in the list include Mexico, Brazil, Colombia, Turkey, India, Indonesia, Vietnam and South Africa which are referred to as countries of focus.

According to a statement, from the summit group, the 2010-2015 Strategic Plan of the bank said the countries were selected using a number of quantitative and qualitative factors.

However, Hochberg’s visit is coming on the heels of the forthcoming 17th Nigeria Economic Summit and the visit will reaffirm global interest in Nigeria’s economic advancement showing the willingness of global development partners to invest in the country.

The Director-General of the NESG, Mr. Frank Nweke Jnr., said US EX-IM Bank Chairman’s visit, will further affirm that Nigeria is being rightly positioned as a strategic player in world economy.

“We believe that a lot of positive marks will be scored with the visit as it will afford some key private sector leaders the opportunity to meet with Mr. Hochberg and seek ways of advancing economic activities between both countries. Such activities could lead to job creation, infrastructure development, investments in utilities, education, health and a lot more.”

Dignitaries for the summit which marks a remarkable progress in Nigeria’s drive to attract foreign investments into the country include, top government functionaries, key private sector players and business leaders including Finance Minister and Coordinating Minister of the Economic Management Team, Dr. Ngozi Okonjo-Iweala, and the Central Bank Governor, Mallam Sanusi Lamido Sanusi.