[News] Take advantage of investment opportunities in Nigeria – President Buhari tells French companies

President Buhari has called on French companies to come and take advantage of investment opportunities in the country.

 

The President made the calls while speaking at the Nigeria International Partnership Forum in Paris. The president asked businesses to take advantage of the opportunities available in Nigeria, adding that the country is investing in infrastructure, climate change and tackling insecurity to ensure that businesses have a smooth environment to thrive.

 

“Let me finally stress that Nigeria is open for partnership and cooperation. I invite the French business community to take advantage of the vast investment opportunities in Africa’s largest economy.

I can assure you that our administration is on the right path to achieving multi-sectoral progress. We have revitalised the economy by increasing investments in capacity building, health, infrastructure, women’s empowerment, climate change, and food security.

Today, these actions are yielding self-employment, expanding our human resource pool and strengthening our national productivity for sustainable development.”the President said

 

Speaking further, the President said

”So far, we have made significant investments in railways, seaports, roads, renewable energy, housing, and many others attractive to prospective investors. ?In the oil and gas sector, I recently signed the Petroleum Industry Act (PIA). The legislation, which is expected to serve as a liberalizing force in the industry, introduced incentives such as tax holidays, zero-interest loans, and easy repatriation of profits.

Institutions such as the Nigeria Sovereign Investment Authority and the recently created Infrastructure Corporation of Nigeria run as independent world-class institutions to support and facilitate investments in the country.”