Tobi Soniyi in Abuja
President Muhammadu Buhari has said that Nigeria welcomes investments from all quarters.
A statement issued in Abuja on Tuesday by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, said the president spoke Tuesday at the State House, Abuja, while receiving executive members of the Association of Africa Automotive Manufacturers (AAAM), led by the chairman, Mr Jeff Nemeth.
Buhari said that Nigeria as a country recognized her problems early enough, but remained potential for too long, and so did not achieve significant results.
To reverse the trend, Buhari said: “We must avoid the mistakes made in the past by both government and manufacturers, and we are ready to get investment from all quarters, so that we can improve the lives of our people.”
The president lamented that Nigeria failed to develop on automobile initiatives started in Bauchi, Kaduna and Ibadan, and depended too much on oil as mainstay of her economy.
“We are making efforts to start our steel industry all over again. I see vast opportunities for both the country and those who invest here,” the president said.
Nemeth said the association comprised potential investors who were ready to unlock investment potentials on the African continent.
“We are ready to offer strategic partnership with Nigeria. We want to promote investor-friendly regulatory frameworks and sustainable manufacturing.
“We will equally promote infrastructure development, job creation, and skills transfer,” he said.