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Nigeria, Africa’s most viable investment destination—Buhari

President Muhamadu Buhari delivering his speech at Dubai Expo 2021. Photo: Sunday Aghaeze

President Muhammadu Buhari has declared that Nigeria remains the most viable and attractive investment destination in Africa.

Addressing a trade and investment forum at Dubai Expo 2021, the President said the country was on the path of becoming the continent’s leading industrial and trading nation.

The forum is organised by the Nigerian-Arabian Gulf Chamber of Commerce, Nigeria’s Ministry of Industry, Trade and Investment and the Nigerian Investment Promotion Commission (NIPC).

President Buhari told the gathering that Nigeria was already beginning to reap from the efforts his administration had made to consciously improve the investment climate.

He said despite the adverse global economic environment of recent years, Nigeria’s investment climate had greatly improved both at the national and sub-national levels.

The president assured captains of industries and entrepreneurs who have shown interest in further enhancing trade and investment relations with Nigeria, and pledged that his administration will continue to improve the business climate, especially as the African Continental Free Trade Area (AfCFTA) comes into full effect.

President Buhari recalled his observation at the Intra Africa Trade fair in Durban, South Africa, where he reminded business leaders that most of Africa’s challenges could be traced to its inability to domesticate the production of its most basic requirements as well as provide jobs for its teeming and dynamic population of youths.

He also used the occasion to express profound gratitude to his hosts, Sheikh Khalifa bin Zayed bin Sultan Al Nahyan, the President of the United Arab Emirates and the Emir of Abu Dhabi, for their unwavering commitment to strengthening trade and investment relations between both countries through various initiatives, partnerships and support.

Reporting by Abdullah Bello; editing by Muzha Kucha and Tony Okerafor