Jonathan Recovers, Addresses Investors Council in London... President Goodluck Jonathan yesterday addressed the ongoing meeting of Nigerias Honorary International Investors Council in London having made a speedy recovery from the indisposition he experienced Thursday. Presidential spokesman, Reuben Abati, in a statement yesterday, said after apologising to the council members for his absence Thursday, Jonathan said his administration has attained significant momentum on the drive to attract new investors into the country and would continue to encourage existing investors within the country to expand. He said the president also participated in a discussion of the presentation by the Minister of Communications Technology on the development of ICT infrastructure in Nigeria. According to him, Jonathan was also briefed on the councils deliberations on Thursday on measures to secure additional sources of financing for essential development projects in Nigeria. Abati quoted Jonathan as saying: In 2014, we must not lose this momentum, but rather broaden our interventions to address other difficult issues like the high cost of financing in the country, and the dearth of adequate skills. This 15th meeting builds on the last conversation we had in Abuja and begins to address the fundamental issues constraining competitiveness and investment in Nigeria. To be competitive, we must address long standing issues, and introduce bold and courageous reforms, regardless of short term political pressures. This is why my government has remained steadfast in making Nigeria the preferred location for investors to do business, because it is our only pathway to create jobs, generate wealth, and guarantee our security. We are bringing capital, technology, and operational excellence into the sector. As a result, 11 distribution companies, and four (4) generation companies have been privatized, realising over US$3 billion for Government. For Councils information the assets were finally handed over on 1st November, 2013. I am delighted to inform you that investors are responding positively to the opportunities in the sector and we expect to see significant investments in the sector and across the value chain going forward. He added: I also use this opportunity to inform Council that Nigeria will be hosting the World Economic Forum on Africa, between the 7th and 9th of May 2014.
Posted on: Sat, 23 Nov 2013 10:17:20 +0000
Trending Topics
Recently Viewed Topics
© 2015