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Goodluck's Administration Made It Safe To Do Business In Africa by biafranqueen: 9:14pm On Dec 17, 2014 |
GEJ has given hope to millions of Nigerians across all sectors. From Dangote to the smallest importers, great gains have been achieved in the last 5 years. For example look at all the success stories of small importation business's on Nairaland. GEJ's government enforced rules that ensure the safety and efficacy of products to maintain consumer confidence in regulated industries. From drugs to electronics to car parts the direct government subsidies of various corporate activities, is changing the economy at a quick pace. UNCTAD Statistics reported that Chinese investment in Africa reached its height in 2008 when Africa accounted for almost 10 per cent of its total global Foreign Direct Investment from the 4.3 per cent in 2004. But in the following year, the figure fell drastically in 2010, to 0.3 percent. As soon as Goodluck came into office that changed right away. In spite of Boko Boys, 2014 the breakdown by country showed that Nigeria has had $15.42 billion net investment from China. In September 2014, Dubai’s sovereign-wealth fund bought a minority stake in Nigeria’s Dangote Cement for $300 million as the Gulf emirate made it first major investment in Africa’s largest economy, under the Goodluck Administration. Dangote Cement, which is listed on the Nigeria Stock Exchange and has a market value of around $23 billion, was founded and is still controlled by Nigerian business magnate Aliko Dangote. It is a leader in its domestic market and plans to nearly double production capacity by 2018 and expand abroad with new plants scheduled in South Africa, Senegal, Zambia, Cameroon and Sierra Leone. Under GEJ's administration foreign investors have felt comfortable expanding as shown below; In 2009, GE signed a Country-to-Company (C2C) agreement with the Federal Government of Nigeria to support the financing, design and building of infrastructure and capacity across key sectors of the economy, including rail, power and healthcare.http://www.ge.com/africa/company/nigeria Exploring further we can delve deeper into the how China feels about Goodluck Aganga had said, during a meeting with his counterpart at the Ministry of Commerce, China, Mr. Fu Ziying, that making Nigeria a major manufacturing zone for most of China's products would go a long way in correcting the trade imbalance between the two countries and creating jobs for Nigerians. African trade with South Korea and Brazil has moved from single-digit billions in 2000 to more than $25 billion each in 2011. (Korean giant Samsung peppered the continent with $150 million in shops, technology, and employment between 2010 and 2012, the company says.) India's footprint is small, but growing at 400 percent a year, according to Páidrag Carmody at Trinity College Dublin in his 2013 study "The Rise of the BRICS in Africa."
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Re: Goodluck's Administration Made It Safe To Do Business In Africa by biafranqueen: 9:17pm On Dec 17, 2014 |
Exporting Out of Nigeria Success Stories Paints and Coatings Manufacturers Nigeria (PCMN) Limited is among the key local company-beneficiaries, and on its part has already shipped 66,000out of an agreed 388,000 litres of paint, to Samsung Heavy Industries shipyard in South Korea.Amazing millionaires used imagination and determination these pass 5 years. Jason Njoku
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Re: Goodluck's Administration Made It Safe To Do Business In Africa by biafranqueen: 9:18pm On Dec 17, 2014 |
Brazil’s Centrais Eletricas Brasileiras SA have pledged investments worth “over $50 billion alone
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Re: Goodluck's Administration Made It Safe To Do Business In Africa by Nobody: 4:09am On Dec 18, 2014 |
IN OSHOMOLE'S VOICE, IF DONT LIKE IT "U SHOULD GO AND DIE" GEJ TILL 2099! GBAM! 1 Like |
Re: Goodluck's Administration Made It Safe To Do Business In Africa by biafranqueen: 7:15pm On Dec 18, 2014 |
Under Goodluck Innoson was funded and the House of Representatives Committee on local content has approved the use of Innoson vehicles for its official activities. The approval was endorsed by the law makers after visiting the motor plant at Nnewi, Anambra State. Chairman of the House Committee on local content, Asita Honourable said they came to verify the level of local input in Innoson vehicles which is part of their official responsibilities. He said that they were happy to discover that more than half of the auto components were locally produced and urged Nigerians to patronise the company. 1 Like
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Re: Goodluck's Administration Made It Safe To Do Business In Africa by biafranqueen: 7:23pm On Dec 18, 2014 |
The nation’s food import bill has reduced from N1.3 trillion in 2009 to N645 billion as of 2013, as a result of policies put in place to drive agriculture. The decline of Nigeria’s import bill has invariably reduced its foreign exchange deficits.
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Re: Goodluck's Administration Made It Safe To Do Business In Africa by biafranqueen: 4:53pm On Dec 20, 2014 |
Capital Oil was a company that finally got a break under this administration.
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Re: Goodluck's Administration Made It Safe To Do Business In Africa by wierdpsycho: 6:41pm On Dec 20, 2014 |
nice job biafranqueen , i'm your biggest fan #Igbokwenu 1 Like |
Re: Goodluck's Administration Made It Safe To Do Business In Africa by biafranqueen: 6:52pm On Dec 20, 2014 |
wierdpsycho:Massive Hugs* 1 Like |
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