Monday, 19 March 2012

Govt woos U.S., Spain investors to power, transport sectors

THE Federal Government has called on investors from the United States and Spain to invest in Nigeria’s power, transportation and security sectors, with a pledge of “reasonable” incentives.
The Minister of State, Federal Ministry of Trade and Investment, Dr. Samuel Ortom said investors from these countries take maximum advantage of what the present government is doing in the areas of power, transportation, investment and security and should therefore investPlant
in these areas.
Ortom made this call recently, while receiving the executive members of A.L.L Corporate Investment Services Limited, Mrs. Tyrone Gillion and JATCO Network International, Dr. John Tor-Agbidye.
He said that the government was looking up to foreign investors to take up available business opportunities in key sectors of the economy by making serious investment.
The minister said that government was ready to provide the necessary incentives to investors in order to attract investments local and abroad, which he said, would create opportunities and jobs to Nigerian youth.
Ortom stated that 33 solid minerals has been discovered in commercial quantities in the country based on the geo physical surveys carried out on behalf of the Federal Government by the Australia Mining company.
He urged the investors to take advantage of the opportunities in the solid minerals sector, agricultural commodities and real estate, adding that government has taken steps to address challenges in the power and security areas.
Ortom stated that government was committed to promote value addition to agricultural commodities and urged the investors to bring the right technology and expertise to the sector.
Earlier, the leader of the team, Mrs. Kerry Gillon stated that the U.S.A investors were interested in exploring opportunities in the solid minerals, real estate and commodities of Nigeria economy in a win-win situation.      She said the team has seen a lot of opportunities in the country and used the occasion to thank the ministry for its guidance and cooperation.
Also speaking while receiving Dr. Ayo Aruya and others of Grup-Dicco
from Spain,  Ortom stated that their coming was timely as most of what
they are seeking to do was part of the Transformation Agenda of
President Goodluck Jonathan.
He assured the group that everything will be done to ensure that what company seeks to do for the interest of Nigerians would be done, particularly the infrastructural sector of the economy.
The minister stated that government was committed to seeing that all
its programmes that were people oriented were undertaken and clearly carried out.

 
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