• About
  • Advertise
  • Contact
Saturday, July 12, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Nigeria Is The Place To Put Your Investments – Buhari To CORPORATE AMERICA

Vital News by Vital News
December 17, 2022
in Business, Foreign
0
We’ve Recovered Over N120bln From Proceeds Of Crime – FG
Share on FacebookShare on Twitter

President Muhammadu Buhari on Friday in Washington DC asserted that Nigeria remains the best destination for American investors to put their money.

According to the President, aside the population advantage in size and demography, various incentives and policies emplaced by the Nigerian Government make it a destination of choice for investment.

Garba Shehu, Senior Special Assistant to the President on Media and Publicity said Buhari stated this at the U.S – Nigeria Business and Investment Forum, Business Roundtable organized by the American Corporate Council on Africa (CCA) in conjunction with the Federal Ministry of Industry, Trade and Investment, on the sidelines of the US-Africa Leaders Summit, President Buhari said:

“It is therefore, imperative that I reiterate at the outset, the comparative advantages that exist within the Nigeria’s economy.

“First as the most populous country and largest economy in Africa, there is no doubt that Nigeria remains Africa’s largest single consumer market, projected to account for over 15 per cent of overall growth in Africa’s spending, by 2025.

RelatedStories

Kogi Enterprises Devt. Agency Moves To Boost Growth Of MSMEs, Signs MoU With CAREC

8 Officials Feared Dead As African Union Helicopter Crashes In Somalia

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

13 Years After Existence, Kwara Dissolves Harmony Holdings

“Secondly, investors in the country would have access to new markets under the African Continental Free Trade Area, (AfCTA), which would be the world’s largest free trade area, would be expected to connect 1.3 billion people across 55 countries and a consumer market that will be worth over $3 trillion by 2030, and a combined Gross Domestic Product (GDP) valued at US$3.4 trillion.”

He added that “since 2015, when my administration assumed office, fixing of the infrastructural gaps needed for business to thrive in Nigeria, namely; roads, railways, air and sea ports, energy and telecommunications, constituted greater priorities for Government. Related to these conscious and practical efforts, is the resolve by our Administration to improve the business environment through business incentives, regulatory reforms and visa-regime that are business-friendly.

“The outcome of the massive efforts and investments by our administration in Infrastructure Development and Refurbishment, i.e. Road Construction and Rehabilitation, Investment Tax Credit Policy, led to the reconstruction of 21 selected Federal Roads, totaling 1,804.6 KM.

“With regards to railways, sea and air ports as well as energy, which are expected to facilitate movements of people, goods and services as well as sustain the stabilization of industries and their growth respectively.”

President Buhari informed his audience that despite the global challenges occasioned by COVID-19 and the war in Ukraine, the Nigerian economy has continued to record impressive growth in many sectors:

“On economy, Nigeria like other countries , including the developed economies, is facing economic challenges, occasioned by the disruptions as a result of the COVID – 19 pandemic the ongoing Ukraine war and the Climate Change, in which massive flooding is one the manifestations.

“Notwithstanding these global challenges, Nigeria had witnessed seven (7) consecutive quarters of growth, after the negative growth rates recorded in the 2nd and 3rd Quarters of 2020.

“Nigeria’s GDP grew by 3.54 per cent year-on-year in real terms in the 2nd Quarter of 2022, which represents a sustained positive economic performance, especially for the Non-Oil GDP which fell by 4.77 per cent in Q2 2022 against Oil GDP that grew by -11.77 per cent.

“Statistics continue to indicate that most sectors of our economy recorded positive growth despite these challenges, which reflect the effective implementation of the economic sustainability measures introduced by our Administration.

“For our economy to favourably meet up the global digitization, Nigeria embraced Communication and Digital Economy.

“Already, the broadband coverage of the country stands at 44.32 per cent and 77.52 per cent. 4G coverage has also been achieved, with the establishment of 36,751 4G base stations nationwide.”

The President apprised the gathering of the sustained efforts of his administration to reverse the pervasive state of insecurity he inherited especially in the North East, commending the government of the United States for the support it has rendered in this aspect.

“When our administration came to power in 2015, most of the North-East of Nigeria was under the control of Boko Haram Terrorist Group. Governance and Socio-Economic activities came to stand-still.

“This state of happening has today been reversed. Internally Displaced Persons (IDPs) are returning to their ancestral home-areas, rebuilt through efforts by the Borno State Government and some philanthropic individuals, to recommence their lives in relative peace.

“As a country and sub-region, we continue to make sustained investments and efforts to strengthen our national and sub-regional security.

“In such circumstances, Nigeria continues to treasure strong partnerships with friends and allies in our national, continental and global efforts for safety and survival.

“We thank the United States of America for her partnership and as an ally, which made it possible to acquire arms, weapons and other military hardware, which has assisted Nigeria in her efforts to contain the scourge of terrorism and maritime insecurity,” the President said.

The Nigerian leader informed the gathering of the plans of his administration to ensure that the problem of energy supply is addressed in the immediate future.
“In the pursuit of our energy development, Nigeria remains mindful of her commitment to carbon neutrality by 2060.

“In this regard, our administration launched an Energy Transition Plan (ETP) in September, 2022 aimed at meeting the national energy needs, in line with Nigeria’s net zero target.

“The Energy Transition Plan is a home-grown, data-backed, multipronged strategy developed for the achievement of net-zero emissions’ reduction across five (5) key sectors; Power, Cooking, Oil and Gas, Transport and Industry.

“The Energy Transition Plan (ETP) is therefore, a huge investment opportunity in the gas sector.”

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, in his remarks, told the audience that Nigeria is politically stable and ready for more investments and the trend will continue because President Buhari has put in place electoral reforms that are enduring, giving room for free, fair and transparent elections.
In her remarks, Ms. Florie Liser, President of CCA said the the organisation has been around since 1993 promoting US and African business and investment relationships.

According to her, “gathered here are CCA members, partners and investors doing great works in Nigeria who have a strong interest in sealing their operations there.”

She added that the organisation had been privileged to also host past presidents, governors, ministers and numerous private sector leaders to cement trade ties and facilitate investments between the US and Nigeria for the benefit of the people of Nigeria and American people. She described Nigeria as a priority country for the CCA. (vitalnewsngr.com)

Tags: investmentsSecuritysizeUS
Previous Post

N-Power : FG Graduates 7, 000 N-Knowledge Beneficiaries

Next Post

SERAP Wants Buhari To Arrest, Prosecute Politicians Buying PVCs From Poor Voters

Vital News

Vital News

RelatedStories

Kogi Enterprises Devt. Agency Moves To Boost Growth Of MSMEs, Signs MoU With CAREC
Business

Kogi Enterprises Devt. Agency Moves To Boost Growth Of MSMEs, Signs MoU With CAREC

July 3, 2025
8 Officials Feared Dead As  African Union Helicopter Crashes In Somalia
Foreign

8 Officials Feared Dead As African Union Helicopter Crashes In Somalia

July 2, 2025
Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX
Business

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

June 26, 2025
Kwara To Administer Drug Test On 1,800 Newly Recruited Teachers
Business

13 Years After Existence, Kwara Dissolves Harmony Holdings

June 26, 2025
President Tinubu Signs Tax Reform Bills Into Law
Business

President Tinubu Signs Tax Reform Bills Into Law

June 26, 2025
Next Post
SERAP Wants Buhari To Arrest, Prosecute  Politicians Buying PVCs From Poor Voters

SERAP Wants Buhari To Arrest, Prosecute Politicians Buying PVCs From Poor Voters

NAF Rescues 7 Abducted Chinese Nationals In Kaduna

NAF Rescues 7 Abducted Chinese Nationals In Kaduna

20 Dead, 30 Hospitalised As Cholera Ravages Cross River Community

20 Dead, 30 Hospitalised As Cholera Ravages Cross River Community

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Group Eulogises Ugwuanyi For Upgrading Access Road

Group Eulogises Ugwuanyi For Upgrading Access Road

2 years ago
List Of 42 Executive Orders, Memoranda, Proclamations Signed By 47th President of America, Donald J. Trump

Judge Temporarily Blocks Trump’s Plan To End Birthright Citizenship

6 months ago
Lionel Messi’s Transfer To Saudi Arabia,  A “Done Deal”

Lionel Messi’s Transfer To Saudi Arabia, A “Done Deal”

2 years ago
Gumel Mourns Passing Of Saidu Abdullahi, President Of Taekwando Federation, Condoles Family

Gumel Mourns Passing Of Saidu Abdullahi, President Of Taekwando Federation, Condoles Family

3 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

ICPC Recovers N21 billon Salary Fraud In Single Probe

President Tinubu Never Stopped Five-year Non-Immigrant Visa For US Citizens

Kogi Doctors Cry Out Over Poor Remuneration, Lack of Promotions

We Will Not Conspire With Any Organisation, Religious Body To Compromise Right, Safety Of Any Child – LASG

Atiku Says Zoning Won’t Silence Competence, Rejects Pressure To Quit 2027 Race For Peter Obi

Oyo Approves ₦98.90bln For Construction Of Bridges, Interchanges, Road Repairs, Bush Clearing, Purchase Of Two Security Aircraft

Trending

After Failed Rehabilitation  Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari
Oil & Gas

After Failed Rehabilitation Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari

by Vital News
July 11, 2025
0

The Nigerian National Petroleum Company Limited (NNPC) is weighing the sale of some of its long-dormant refineries...

Court Finds Natasha Guilty Of Contempt, To Pay N5mln Fine, Publish Apology In Two National Dailes

Court Did Not Give Order Compelling Senate To Lift Suspension On Senator Natasha – CTC Clarifies

July 11, 2025
Kogi SDP Youth Leader Killed, Party Demands Justice

Kogi SDP Youth Leader Killed, Party Demands Justice

July 11, 2025
ICPC Recovers N21 billon Salary Fraud In Single Probe

ICPC Recovers N21 billon Salary Fraud In Single Probe

July 10, 2025
President Tinubu Never Stopped Five-year Non-Immigrant Visa For US Citizens

President Tinubu Never Stopped Five-year Non-Immigrant Visa For US Citizens

July 10, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • After Failed Rehabilitation Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari July 11, 2025
  • Court Did Not Give Order Compelling Senate To Lift Suspension On Senator Natasha – CTC Clarifies July 11, 2025
  • Kogi SDP Youth Leader Killed, Party Demands Justice July 11, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In