“Nigeria has very attractive investment opportunities with some of the highest Returns-on-Investment,” President Muhammadu Buhari declared in Yokohama, Japan on Thursday.
He was presenting the country’s Statement at Plenary Session Three on “Public-Private Business Dialogue” at the Seventh Tokyo International Conference on African Development (TICAD7).
Buhari said he looked forward to prospective investors making inroads “in the following priority sectors in Nigeria, namely, power and renewable energy, petrochemical and gas, maritime (shipping and ports), automobiles, mining, agribusiness, healthcare and pharmaceuticals, ICT and railway.”
Assuring potential investors of good returns as a result of ongoing reform measures taken by his administration, he added:
“I have also established a Presidential Committee on Enabling Business Environment, which is made up of key Ministries and prominent businessmen to promote the Ease of Doing Business and make Nigeria more attractive and competitive for investment.”
Similarly, President Buhari said that his administration was “committed to removing all impediments to private sector participation in these sectors by creating policies that will ensure consistency, predictability and a level playing field for all.”
Buhari identified power, transportation, infrastructure, maritime/shipping, agro-processing, mining, manufacturing, petro-chemicals, food processing and textiles among others, as “key drivers to the diversification” of the Nigerian economy as well as “priority areas that will drive our Economic Agenda”.
President Buhari commended existing bonds of friendship and economic cooperation between Nigeria and Japan, describing the Asian country as “a strategic partner for our socio-economic development.”
He spoke about Nigeria’s intention to “further encourage relationships with key public and private sector stakeholders” in both nations.
The Nigerian leader expressed particular delight with the level of “discussions on the establishment of the Japan-Nigeria Business Facilitation Council, an initiative of the Japanese government, which would be launched on our return to Nigeria,” adding that, “I look forward to positive reports of increased trade and investment between Nigeria and Japan from these initiatives.”