Nigeria’s Doors Are Open For Business – Buhari
President Muhammadu Buhari has at the Commonwealth Business Forum on Wednesday in London, assured members of the Commonwealth of Nigeria’s open-door policy for business.
According to his personal assistant on new media, Bashir Ahmad, the President said, “Nigeria’s doors are open for business. “Nigeria is and shall remain an open trading economy, deep in integration and governed by the rule of trade law.”
Meanwhile, the Special Adviser to the President on Media and Publicity, Femi Adesina, has released a statement on the keynote address given by President Muhammadu Buhari at the event. It was titled, “Making business easier between Commonwealth countries.”
President Muhammadu Buhari has identified trade and investment facilitation to generate resources for sustainable development; ease of doing business and regional integration that expands markets with safeguards against injurious trade practices from third parties.
Fielding questions at the Commonwealth Business Forum held in Westminster, London, the president informed participants that Shell was preparing to invest another $20 billion in Nigeria.
“On security, certainly, both in the North-east and in the South-south, there has been an improvement in security. This morning, I met with Shell staff.
“They came and broke the news to me that they were ready to invest about $20 billion in Nigeria. So, really, we are not doing badly,” he said.
Buhari, In his keynote address at the forum also counselled the Commonwealth to avoid trade wars and employ opportunities presented by trade to spur growth in the global community.
He also addressed participants at the forum on the efforts his government had made to improve the business environment in Nigeria and the attendant results. According to him, the effectiveness of such efforts was evident in the World Bank’s ‘Doing Business Report’ published in November last year, which saw Nigeria moving up 24 places from its previous ranking. He also said the development earned the country recognition as one of the top 10 most improved economies in the world.
“But if we are to make business easier between our countries and going beyond the Commonwealth, we must avoid trade wars and work collectively to preserve the global trading order, support regional initiatives as well as support domestic structural reforms that focus on the priorities of individual countries,” he said.