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Sambo: Only Stability of Government Can Attract Investors

05 May 2013

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Vice President  Namadi Sambo


By Muhammad Bello   
Vice President Namadi Sambo  Saturday in Toronto, Canada stated that stability of government is the attraction of foreign investors.

Nigeria's frontiers, according to the vice president, have been open to accomodate investment drives, especially in the power, transport, health, education, agriculture, mining, information and communication technology, security and good governance sectors of the economy.

He was speaking at a dinner held in his honour at the Fairmont Hotel in the Canadian city.
Sambo had in his dinner speech called on investors to come over to Nigeria in order to leverage on the favourable investment climate, assuring them that there are institutional mechanisms in place to protect them.

According to a statement signed by his Senior Special Assistant on Media and Publicity, Alhaji Umar Sani, the vice president also assured the investors of a friendly environment and noted the efforts being expended to fight corruption and other forms of illicit crimes.

On the current security challenges the country is facing, the vice president said that it is being tackled in a matured manner, adding that the said challenges would very soon be surmounted.

According to him, other efforts at curbing the challenges complement those of the security agencies include community efforts and cooperation.

He further expressed delight at the positive contributions of Canada to Nigeria's successful democratic journey, stating that "it is pertinent to note that Nigeria and Canada enjoy excellent bilateral relations at all levels. However by signing of the Bi- National commission agreement on 23rd April 2012, a new chapter of mutually strategic relations was also established making Nigeria, Canada's largest trading partner with a trade volume of over $3 billion in the sub Saharan Africa."

The Vice President also noted that Canada recognises Nigeria's unique role in Africa and global affairs and expressed readiness to take good advantage of the investment-friendly environment provided by Nigeria through the economic, social, institutional and political reforms introduced by the past and present administration in Nigeria especially in the last one and a half decade.

Earlier, the High Commissioner to Canada Dr Chief Ojo Maduekwe was full of praises for the host country Canada for expressly facilitating the realisation of the conference and for the large turnout of Canadian investors at the event. He specifically thanked his Canadian counterpart for the efforts they both expended in organising the worthy venture.

Present at the event were large contingents of Nigerians from all parts of Canada and Canadian investors. According to the statement by Alhaji Umar, the Vice President expressed delight with the large turnout of both Nigeria and Canadian investors and was optimistic that the conference would achieve its set target of deepening voluminous trade between the two countries and subsequent spontaneous participation of the private sectors.

Highlights of the event were brief remarks by the Canadian and Nigerian foreign ministers, presentation by ministers of trade and investment, national planning and the federal capital territory of the enormous opportunities awaiting investors and a vote of thanks by Wale Tinubu CEO of Oando Nig Plc.

Tags: News, Nigeria, Featured, Investors

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