• About
  • Advertise
  • Contact
Friday, May 30, 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

Dangote Cement Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite

Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand

At TIME100 Impact Dinner, Dangote Pledges More Investments To Uplift Vulnerable Populations

Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative

“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

Dangote Cement Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite
Business

Dangote Cement Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite

May 28, 2025
Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand
Business

Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand

May 25, 2025
At TIME100 Impact Dinner,  Dangote Pledges More Investments To Uplift Vulnerable Populations
Business

At TIME100 Impact Dinner, Dangote Pledges More Investments To Uplift Vulnerable Populations

May 23, 2025
Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative
Agriculture/ Water/ Mineral

Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative

May 23, 2025
Ododo, Minister, Other Stakeholders Laud Kogi’s Groundbreaking Annual Media Repor
Business

Kogi Resolves Tax Dispute With MTN

May 22, 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

We Are Not In Court Against INEC Chairman – DSS

DSS, Police Arrest Nwajagu, Eze Igbo Ajao Estate Over Threat To Invite IPOB To Lagos

2 years ago
Digital Economy : BPSR Restates Need For Privacy, Data Protection

Digital Economy : BPSR Restates Need For Privacy, Data Protection

2 years ago

El-Rufai Deposes Two Southern Kaduna Traditional Rulers, Sacks District Heads

2 years ago
Dangote Refinery Confirms Taken Delivery Of One Million Barrels Of Crude Oil

Dangote Refinery Receives Second One Million Barrels of Crude

1 year 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 drugs Economy EFCC Election elections FG Fraud 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

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

School Wall Collapses On Students Writing WAEC In Taraba

Army Armourer, 17 Other Soldiers, 15 Mobile Police Officers, Traditional Ruler Arrested For Selling Arms To Criminals

Islamic Cleric To Die By Hanging For Killing, Stealing N300,000 From Client In Osun

Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate

NDLEA Arrests Two Pilgrims Heading To Saudi Arabia With Cocaine

Trending

21 Die, 10 Missing In Niger Flood Disaster
Environment

21 Die, 10 Missing In Niger Flood Disaster

by Vital News
May 29, 2025
0

The Niger State Emergency Management Agency (NSEMA) has confirmed the death of 21 persons in massive floods...

Sidi Ould Tah Elected New President Of AfDB

Sidi Ould Tah Elected New President Of AfDB

May 29, 2025
President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

May 29, 2025
Midterm Performance : Taraba State Rated Least In IGR, Good Governance

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

May 29, 2025
School Wall Collapses On Students Writing WAEC In Taraba

School Wall Collapses On Students Writing WAEC In Taraba

May 29, 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

  • 21 Die, 10 Missing In Niger Flood Disaster May 29, 2025
  • Sidi Ould Tah Elected New President Of AfDB May 29, 2025
  • President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC May 29, 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