NIPC Secretary, Mustafa Bello
The Executive Secretary, Nigerian Investment Promotion Commission (NIPC), Mustafa Bello has called on foreign investors not to take the travel advice given by foreign embassies and some negative reports in the media on the security situation in Nigeria seriously, saying “the country is not as bad as being portrayed”.
The NIPC Chief Executive stated this in his office in Abuja when he received an investment delegation from a Saudi Arabia-based company, Abdel Hadi Alquatani & Sons Group of Companies, led by its Vice Chairman, Salah A. Al-Qahtani.
Bello said the current security and infrastructural challenges bedeviling the country would soon be a thing of the past, as the Federal Government has put various measures in place to overcome them.
He said many countries in the world have experienced one challenge or the other, and Nigeria was not an exception, stressing that “Nigeria is not as bad as being portrayed by some foreign embassies advising their nationals about travelling to the country and some negative reports orchestrated in the international media”.
The NIPC boss added that; “Nigeria does have challenges like other developed countries in the world, but these are not insurmountable; we shall soon overcome them”.
Bello told his visitor that the quickest way to overcome the country’s present challenges was to bring in more investments to those sectors that would improve the economy, maintaining that the Commission has been working very hard to attract investments into Nigeria.
“Your coming at this time to invest in the country’s economy is a welcome development, we will support you all through with the necessary information and getting relevant approvals to enable you settle down and commence business”, he added.
He argued that Nigeria may be tough in starting business, but “when you start, you will be overwhelmed and regret for not starting earlier”, pointing out that the country has the market, the manpower and qualified labour for any investment to thrive. He also informed the delegation that the federal government has put in place attractive incentives to encourage investors.
Earlier, the leader of delegation and Vice Chairman, Salah A.H. Al-Qahtani & Sons Group of Companies, said they were in the county on a fact-finding mission, with a view to exploring the abundant business opportunities in the country and seek direction towards accelerated investment process especially in the energy and manufacturing sectors.
He disclosed that their company has a vast experience in oil & gas pipe line manufacturing in Saudi Arabia and has been involved in extensive pipeline projects all over Europe and the Middle East, indicating their willingness to replicate their investment in Nigeria, exchange knowledge and transfer the Saudi experience and technology to Nigerians.
The Executive Chairman, Oriental Energy Resources, Alhaji Muhammadu Indimi, who facilitated the visit of the delegation from Saudi Arabia, stated that Nigeria is a country of much potential that needs huge investments to advance its economy. “We need much investment to turn the country around, I trust that we will work together to develop the country’s economy through our Joint Venture Partnership”, he added.
He disclosed that it has taken him five years to convince the Saudi Arabia-based multi-billion dollar company to visit and invest in Nigeria, expressing joy that it has finally come to fruition.