₦airaland Forum

Otunba Adeniyi Adebayo, Minister of Industry, Trade, and Investment, on Tuesday, declared that Nigeria’s economy was coming back strongly with foreign investors making a commitment to invest in the country.

Adebayo spoke at the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Diplomatic Luncheon in Abuja.

According to a statement by his media aide, Ifedayo Sayo, Adebayo said Nigeria was open for business and that the country’s investment climate was continually improving.
The minister said although 2020 was challenging for all economies, Nigeria was coming back strong.

He noted that in the first half of the year investment announcements were at $10.1 billion, an increase of 100 per cent from 2020.

“Investors from Europe, China, Morocco, and the UK are making strong commitments and this administration is working tirelessly to ensure that these commitments turn into projects that positively affect our nation,” the minister said.

He said the Federal Government recognised the importance of attracting and retaining patient investment into the economy, adding that this accounted for the ministry’s commitment to the strategic relationship that existed with the chamber.

“I would like to reiterate my ministry’s commitment to the strategic relationship that exists with the chamber and to continue working with the leadership towards our collective objectives.

“This is even more germane with the implementation of the Africa Continental Free Trade Agreement (AfCFTA).

“AfCFTA will enhance Africa’s capacity to unlock growth and create jobs by building our industrial capacity, enlarging our productivity and making us more competitive globally.

“NACCIMA is pivotal in ensuring Nigerian businesses remain competitive in this new environment,” he said.

The minister said the improved ranking of Nigeria on ease of doing business by the World Bank was a result of the efforts government was making to create an enabling environment for foreign direct investment.

He listed some of the efforts as Executive Order 001, a directive that promotes transparency and efficiency in business environment and Revised Nigeria’s Bilateral Investment Treaty (BIT) model to include specific provisions for investment facilitation and actualisation.

Adebayo noted that investors’ rights were now balanced with obligations to ensure that Nigeria attracted Responsible, Inclusive, Balanced and Sustainable (RIBS) investments.
He said an online investment guide called “iGuide Nigeria” was also launched to provide investors with real-time information on the processes and basic costs of setting up and doing business in Nigeria.

The minister said the government developed a compendium of the Investment Incentives in Nigeria, and also launched the Book of States, a document that showcases the comparative advantages and key investment opportunities in each of Nigeria’s states.

He commended NACCIMA for putting the event together even as he encouraged it to remain committed to building a sustainable trade infrastructure within and across Africa for the benefit of the Nigerian business community.

SOURCE:https://brandspurng.com/2021/08/31/nigerias-economy-getting-stronger/

Are these politicians MAD or something?

Lies from the pits of hell

It's getting better on paper

Nigeria economy getting stronger...

Minister

God punis_ everything you believe in..

Investment announcements is now an achievement for buhari. I hereby announce an investment of $400 billion into the economy. Lai Muhammad take note.

Mr Minister...... please have some respect for your age

Our darling president is the best �

postbox:
Otunba Adeniyi Adebayo, Minister of Industry, Trade, and Investment, on Tuesday, declared that Nigeria’s economy was coming back strongly with foreign investors making a commitment to invest in the country.

Adebayo spoke at the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Diplomatic Luncheon in Abuja.

According to a statement by his media aide, Ifedayo Sayo, Adebayo said Nigeria was open for business and that the country’s investment climate was continually improving.
The minister said although 2020 was challenging for all economies, Nigeria was coming back strong.

He noted that in the first half of the year investment announcements were at $10.1 billion, an increase of 100 per cent from 2020.

“Investors from Europe, China, Morocco, and the UK are making strong commitments and this administration is working tirelessly to ensure that these commitments turn into projects that positively affect our nation,” the minister said.

He said the Federal Government recognised the importance of attracting and retaining patient investment into the economy, adding that this accounted for the ministry’s commitment to the strategic relationship that existed with the chamber.

“I would like to reiterate my ministry’s commitment to the strategic relationship that exists with the chamber and to continue working with the leadership towards our collective objectives.

“This is even more germane with the implementation of the Africa Continental Free Trade Agreement (AfCFTA).

“AfCFTA will enhance Africa’s capacity to unlock growth and create jobs by building our industrial capacity, enlarging our productivity and making us more competitive globally.

“NACCIMA is pivotal in ensuring Nigerian businesses remain competitive in this new environment,” he said.

The minister said the improved ranking of Nigeria on ease of doing business by the World Bank was a result of the efforts government was making to create an enabling environment for foreign direct investment.

He listed some of the efforts as Executive Order 001, a directive that promotes transparency and efficiency in business environment and Revised Nigeria’s Bilateral Investment Treaty (BIT) model to include specific provisions for investment facilitation and actualisation.

Adebayo noted that investors’ rights were now balanced with obligations to ensure that Nigeria attracted Responsible, Inclusive, Balanced and Sustainable (RIBS) investments.
He said an online investment guide called “iGuide Nigeria” was also launched to provide investors with real-time information on the processes and basic costs of setting up and doing business in Nigeria.

The minister said the government developed a compendium of the Investment Incentives in Nigeria, and also launched the Book of States, a document that showcases the comparative advantages and key investment opportunities in each of Nigeria’s states.

He commended NACCIMA for putting the event together even as he encouraged it to remain committed to building a sustainable trade infrastructure within and across Africa for the benefit of the Nigerian business community.

SOURCE:https://brandspurng.com/2021/08/31/nigerias-economy-getting-stronger/

Nigeria economy is becoming stronger when one tuber of yam is now sold 3000naira, gas price has topped up, even ordinary Gala sausage roll is now sold 60naira.
Stronger my foot!

While Naira is getting weaker

Who is fooling who?

But we know that 3 major events are going on in Nigeria:
1. Terrorist groups are attacking communities, seeking to conquer them for Islam.

2. Fulani militia are attacking communities, seeking to conquer them for the Fulani.

Both seem to have the support of the FG.

3. The FG is trying to forcefully take lands from different states and turn Fulani to natives of the states, to eventually conquer the states.

As much as they may try, all these agenda have failed in Jesus' name.

Intersexxsherry:
Nigeria economy is becoming stronger when one tuber of yam is now sold 3000naira, gas price has topped up, even ordinary Gala sausage roll is now sold 60naira.
Stronger my foot!

my brother I can’t even remember the last I bought gala,nothing Dey inside again

Bubu till 2050

Kidnapping and ransom payments have been added to the GDP

[img]https://media1./images/7c35fce1e3ce0a3d4add2ac30cffca1c/tenor.gif?itemid=6117941[/img]

That is our prayer.

Some people just want to talk.
Whether what they are saying is meaningless or not

Stop Lying biko

Werey

What is Economy?
Isn't it buying and selling?
How has buying and selling price improved since the last six years and precisely recently?

Or na me no understand d meaning of Economy?

This man is a wicked man, him and Buhari.

Can it be well with these people? I doubt!!!!!!

Just hell oh hell

Lie lie lover...

Abi ode leleyii sha

News Headline of these days don dey funny pass comedy skit

G

Lol.... See dis kolo

And the poor masses cant still afford 3 square meal? Smh

Ewu Gambia









Guys wey no get girlfriend get peace of mind

Dis one dey fear sack lolzzzzz

did you know naira is now #528