Nigeria Business Now

Nigeria’s Finance Minister Calls on Foreign Investors to Invest in Emerging Economy

 

 

The minister of finance and coordinating minister of the economy, Wale Edun, has commended the outgoing World Bank Country director, Dr Shubham Chaudhari for his significant contributions to Nigeria’s economic growth

At an event held in Abuja, hosted by the minister in honour of the out-going World Bank Country director, Edun acknowledged the organisation’s crucial role in promoting socio-economic sustainability and enhancing Nigeria’s economic competitiveness.

He expressed appreciation for the achievements recorded during Dr. Chaudhari’s tenure and reaffirmed the country’s commitment to building on the accomplishments so as to further drive economic progress in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led administration.

“We appreciate your tireless efforts towards the promotion of economic growth and development in Nigeria. Your leadership and expertise have made a significant impact on our country’s progress.Your dedication to supporting Nigeria’s development agenda is truly commendable. We are grateful for these contributions and look forward to continued collaboration.

Your commitment to fostering inclusive and sustainable growth in Nigeria is inspiring. We appreciate your partnership and guidance in shaping our country’s future,” Edun said.

He said the hallmark of the present administration’s policy thrust is aimed at boosting the nation’s economic development with a view to attracting foreign investments so as to ensure job creation, poverty reduction and improved standard of living for the citizenry.

The minister assured that Nigeria offers a wealth of opportunities for foreign investors, with a large and growing market, rich natural resources, and a skilled workforce. “We invite you to explore the possibilities and partner with us for mutual growth. Join us in harnessing the potential of Nigeria’s emerging economy. Our country offers a favourable business environment, investment incentives, and a dynamic market waiting to be tapped,” he said, according to a statement that was issued by the director in the finance ministry, Mohammed Manga.

Edun said the government is committed to creating a conducive environment for businesses to thrive and succeed.

Edun said Nigeria would continue to be a development partner with the World Bank, and that the present administration was committed to championing a good cause as well as implement policies that would boost the country’s economy in order to make it more vibrant and resilient.

He added that the reforms initiated by the administration would serve as a window to the global investment community, stressing that Nigeria is open for business with stable and profitable benefits thereby calling on Philanthropists, both within and outside the country, to invest their resources in Nigeria, a country which he said, has the largest population in Africa.

In response, Dr Chaudhari described the event as symbolic and strategic, saying that it would help build bonds in relationship trust. He commended Nigeria for its proactive measures and robust efforts in bracing up monetary policies and in fostering sustainable economic development despite the daunting challenges.

The out-going director assured that his organisation’s doors were widely open for more collaborations and partnerships for the country’s growth.

Earlier in her remarks at the event, the Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya assured that the ministry will continue to provide an enabling environment for the full implementation of the policies, programmes and projects of the federal government in line with its mandate.

She appealed to the international community to support the efforts of the present administration in its determination to boost the country’s economy and further stressed the need for international partners to take advantage of the country’s diversity and invest their resources for maximum benefits.