Officials of the Nigerian Government have assured U.S. investors of the favorable investment climate, promising the highest returns on investments, more than anywhere else in the world.
The Minister of Trade, Industry and Investment Okechukwu Enelamah, and his Foreign Affairs counterpart, Geoffrey Onyeama, stated this at the Nigeria-U.S. Business and Investment Forum in New York.
Yewande Sadiku, the executive secretary of the Nigerian Investment Promotion Council said $25billion in foreign direct investment is the target of the country in 2020.
Enelamah explained that the federal government is building the Nigeria of the future where things would be done differently from the way they were done in the past.
“Nigeria of the future will be dramatically different from the past and that is what this government is trying to build.
“We are building infrastructure; we are providing the enabling environment and we are improving on the ease of doing business.
“There is a sense of urgency for Nigeria’s industrialisation and we are providing the enabling business and investment environment for investors,” Enelamah said.
Onyeama said that the federal government would not betray the confidence the U.S. investors already reposed in Nigeria through the forum.
His words: “What we are offering the investors is a much more stable environment, a lot of enabling business environment, one stop shop for registration of names, for getting passport, for coming into the country.
“We are offering them customs clearances, all the elements that go into making much more enabling. A welcoming business environment is what we are offering.
“And of course we are offering them a huge market of almost 193 million people; we are offering them a bigger market with ECOWAS that they can get access to through Nigeria.
“And we are offering them good governance. Those are things they also welcome. We are trying to offer them more security in the country because that’s a point that was also raised.”
