July 27, 2017

World Bank: “Nigeria has most attractive investment environment”

Nigeria has the most attractive environment for investment despite the current infrastructure challenge facing it, Marie Francoise Marie-Nelly, Country Director, World Bank, Nigeria, has said. Marie-Nelly stated this on the sidelines of the launch of the World Bank’s Investment Climate Assessment (ICA) report in Abuja on Thursday. She, however, said there was need for the country to improve its business environment in order to maximise the hugely untapped investment opportunities that exist across the country. Marie-Nelly said, “Nigeria has the most attractive environment for investment because Nigeria is a large market in the continent; it is the second largest economy…

Brazilian investors troop to Nigeria

Jo-and-Dilma

The federal government has expressed its readiness to partner with Brazilian companies for the provision of basic infrastructure in the country. Minister of Trade and Investment, Olusegun Aganga, stated this on Monday when Brazilian investors visited; adding that about 50 Brazilian companies have expressed their determination to invest in Nigeria. According to him, the Brazilian company, Construtora Queiroz Galvao, has expressed its determination to invest in Ghana, Gabon, Mali and Nigeria among other countries in Africa. He said that the visit of the Brazilian company to Nigeria was for the company to have a feasibility study in Nigeria on their…