President Muhammadu Buhari on Thursday inaugurated the N5.6 billion Nestle Waters factory in Abaji, Abuja, with a promise to make Nigeria an investment destination in Africa.

Represented by Vice President Yemi Osinbajo, the President said that the construction of the factory demonstrated the robustness of the nation's economy and expressed the hope that the event would further stimulate growth.

He thanked Nestle Foods Company for pioneering the industrialisation of the rural communities in the country noting that the occasion reflected the importance of Nigeria as an investment destination.

The president said that such effort also was a contribution to the determination of the federal government to diversify the economy and promised that the administration would provide the enabling environment for private sector enterprises to thrive.

"The Federal Government will continue to encourage the private sector by providing market stability, providing the necessary infrastructure and micro economic policies for business," he said.

Mr. Buhari noted that the world would be a better place if every organisation focused on what it could do for its host communities.

"We are glad this supports the government's policy on employment generation and wealth creation."

According to him the administration had identified and put in place six critical areas in the 2016 budget to drive economic growth.
He said that the federal government would partner the private sector in business growth adding that the administration was proud of the resilience and effort of the private sector to the keep the economy on the right path.

The Minister of the FCT, Mohammed Bello, represented by Salisu Abdulsalam, said that he was happy that the dream of making Abuja an industrial hub was becoming a reality.

He said the facility would provide means of livelihood to the residents of Abuja adding that the territory would remain an investment choice.

The minister appealed to other investors to take advantage of easy access to land, tax holidays and peaceful environment to invest in the territory.

In a welcome address, the Managing Director of Nestle Nigeria, Dharnesh Gordhon, said that the factory was the company's third in Nigeria, first major investment in the North, and the most modern water processing factory in Central and West Africa.

"It underpins our strong belief in the potential of the local market and the resilience of Nigerian economy in spite of the current difficult and volatile business environment," he said.

source...http://allafrica.com/stories/201604150756.html

Great

ok

This is the kind of real investment we are talking about. Not some foreign stock market speculators who keeps pressurising the president to devalue the naira just to suit their greedy interest.