President Muhammadu Buhari has said that his administration will remove all impediments to investments in the country.
The president said this Sunday evening during a meeting with senior executives of Qatar Chamber of Commerce and some private businessmen in
Doha
.
Buhari said his administration would remove all impediments like delayed processing of permits, multiple taxation, and corrupt practices.
He described security as essential to prosperity and development, saying "Nobody invests without first knowing how secure a country is. That is why we have placed high premium on securing the country, because you cannot effectively manage a country you have not secured.
"My party campaigned on three main planks: security, employment generation and anti-corruption. We campaigned on zero corruption, promising that we would run an accountable government and we are keeping our promises."
Referring to the crash in the global crude oil prices and its effect on the Nigerian economy, Buhari informed his hosts that
Nigeria
is blessed with vast arable land for agriculture, and rich deposit of solid minerals which the businessmen could invest in and reap rich returns in a short while.
He said: "Agriculture and solid minerals will mobilise youths for gainful employment. We have the capacity not to need to import food at all. But we need to also tackle infrastructure deficit in power, transportation, rail, road, and in other areas. We will put together an articulated plan which would be discussed with you shortly so that you can make investment decisions."
The Vice Chairman of Qatar Chamber of Commerce and Industry, Muhammed Bin Ahmed Bin Towar Al Kuwari, said Qatari investors would be interested in the finance, oil and gas, telecommunications, tourism, agriculture and food processing sectors among others.
"All eyes are on
Africa
in the next decade.
Africa
is the next place for growth, the rest of the world is looking towards the continent, and
Nigeria
is an important part of that continent," he said.
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Source: Equities.com News
(February 29, 2016 - 7:23 PM EST)
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