FG Reassures Of Conducive Business Environment For Investors

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The federal government has re-assured foreign investors of a conducive business environment that would improve the process of doing business in Nigeria.

Minister of Budget and National Planning, Senator Udoma Udo Udoma disclosed this yesterday  while receiving the Japanese Ambassador to Nigeria, Mr. Sadanobu Jusaoke  who paid a courtesy visit to the minister in Abuja yesterday.

Udoma enumerated some of the areas the federal government expects collaboration with foreign investors, especially the Japanese government to include: refinery, power, railways and expansion of export processing zones, while reassuring that the government is doing everything within its power to ensure that the security issues in the country are being solved.

Responding, the Japanese Ambassador expressed the willingness of Japanese government to increase its business stakes in Nigeria, but urged that the Nigerian government must show total commitment by providing enabling environment for such business transactions.

He stressed the need for infrastructure development such as power, roads, railways and communication. Other factors he identified for effective foreign investment are stabilized exchange rate, transparency in taxation, improved customs transaction, issues on export promotion, good government policies, among others.

Meanwhile, the federal  government, through the Industrial Training Fund (ITF), yesterday commenced skills and vocational training for thousands of internally displaced persons (IDPs) in Maiduguri, Borno State.According to the government, the move would fast track the reintegration, re-skilling and empowerment of thousands of people, particularly women and youths that have been displaced by years of conflict in the north-east zone of the country. The initiative, the government added,was in line with efforts to empower the people and rebuild the economy of the zone.

President Muhammadu Buhari, it would be recalled, has pledged the commitment of the federal government to resettle millions of IDPs back to their communities, in order for them to be empowered with skills that would  assist to urgently reintegrate them into their various communities.

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