In­vestors urged to deal agencies di­rect

Daily Trust - - NEWS - From Ibrahim Chonoko, Lon­don

The Spe­cial Ad­viser to Kaduna State Gover­nor on Trade and In­vest­ment, Muham­mad Yusuf Lere, has ad­vised those wish­ing to in­vest in Nigeria not to “go through the back door” but fol­low the right chan­nels.

Speak­ing at a me­dia brief­ing in Lon­don on the forth­com­ing sec­ond Nige­rian Di­as­pora Di­rect In­vest­ment Sum­mit (NDDIS) slated for June this year, Lere urged po­ten­tial in­vestors to “al­ways do busi­ness the right way” to avoid fail­ures and other neg­a­tive out­comes in their en­ter­prises.

The Spe­cial Ad­viser also ad­vised Nige­ri­ans in Di­as­pora to de-em­pha­sise the cul­ture of seek­ing con­tracts and other favours from govern­ment of­fi­cials, adding that they should be cre­ative and come up with businesses and busi­ness ideas that would con­trib­ute to the eco­nomic de­vel­op­ment of the coun­try.

He de­scribed Kaduna state as an in­vest­ment haven with more than 100 solid min­er­als and other in­vest­ment po­ten­tials, and urged in­vestors to take ad­van­tage of the state govern­ment’s open-door pol­icy and the state’s prox­im­ity to Abuja to es­tab­lish businesses in the state.

Speak­ing ear­lier, the Ex­ec­u­tive Di­rec­tor of NDDIS, Mr. Bimbo Fo­layan, said the sum­mit was aimed at show­cas­ing Nigeria’s in­vest­ment po­ten­tials and at­tract­ing in­vest­ment into Nigeria, as well as help­ing Nige­ri­ans in Di­as­pora to go home and in­vest in their coun­try.

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