Re­turns on in­vest­ments from Nige­ria un­matched glob­ally, FG tells Turk­ish biz­men

Daily Trust - - BUSINESS - By Fran­cis Arinze Iloani

The Fed­eral Gov­ern­ment yesterday told a Turk­ish busi­ness del­e­ga­tion to Nige­ria that re­turns on in­vest­ments be­ing recorded in the coun­try is un­matched any where in the world.

Speak­ing at a meet­ing with the del­e­ga­tion hosted by the Abuja Cham­ber of Com­merce and In­dus­try (ABUCIMA), the Ex­ec­u­tive Sec­re­tary of the Nige­rian In­vest­ment Pro­mo­tion Com­mis­sion (NIPC), Uju Aisha Has­san Baba, told the del­e­ga­tion that Nige­ria has huge un­tapped nat­u­ral re­sources in ad­di­tion to vast lands that are fer­tile for farm­ing ac­tiv­i­ties.

“The Fed­eral

gov­ern­ment is en­cour­ag­ing in­vest­ments in these ar­eas and there are high re­turns on in­vest­ments in Nige­ria which is un­matched any where in the world,” she said.

The NIPC boss, who was rep­re­sented at the meet­ing by the Di­rec­tor of Over­seas and Do­mes­tic Oper­a­tions, Ladi Katagum, said Nige­ria is strate­gic to the West African mar­ket through the Eco­nomic Com­mu­nity of West African States (ECOWAS).

She re­vealed to the prospec­tive in­vestors that the coun­try has in­vest­ment in­cen­tives such as zero per­cent duty for im­por­ta­tion of min­ing equip­ment.

The Turk­ish Am­bas­sador to Nige­ria, Hakan Cakil, said his coun­try has a long last­ing busi­ness re­la­tions with Nige­ria as it is the num­ber one trad­ing part­ner of Tur­key in the Sa­hara.

He said as at last year, the value of trade re­la­tions be­tween Tur­key and Nige­ria to­taled $2.5bn, largely to the favour of Nige­ria.

He ac­knowl­edged that Turk­ish cit­i­zens re­sid­ing in Nige­ria and op­er­at­ing over 40 com­pa­nies are do­ing well and mak­ing re­turns.

“We are with Nige­ria and we will con­tinue to be with Nige­ria for­ever,” the Am­bas­sador said.

He told the meet­ing that the com­par­a­tive busi­ness ad­van­tages of Nige­ria, in terms of size and po­si­tion in Africa ,was the ba­sis for the busi­ness re­la­tions.

The Pres­i­dent ABUCIMA, Mr. Tony Ejinkeonye, urged Turk­ish busi­ness del­e­ga­tion to the coun­try to in­vest in Abuja as it is the fastest grow­ing city in the coun­try.

Wel­com­ing the del­e­ga­tion to the Cham­ber, Ejinkeonye told the del­e­ga­tion that Abuja had seen pop­u­la­tion ex­plo­sion in the last 10 years, an in­di­ca­tion that in­vest­ments in the city will yield re­turns.

Mak­ing case for col­lab­o­ra­tion be­tween the Cham­ber and the del­e­ga­tion, he said the Cham­ber has over 2000 mem­bers, mostly from the Small and Medium En­ter­prises (SMEs) across the na­tion’s cap­i­tal.

He told them that Tur­key has a vari­ant busi­ness pres­ence in Abuja, in­clud­ing hos­pi­tals and schools.

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Photo Felix

From left: Reg­is­trar/CEO, Char­tered In­sti­tute of Per­son­nel Man­age­ment (CIPM), Mr Sun­day Adeyemi; Vice Pres­i­dent CIPM, Mr Udom Inoyo; and Pres­i­dent/Chair­man of Coun­cil CIPM, Mr. An­thony Arabome, dur­ing the in­sti­tute’s 47th An­nual Na­tional Con­fer­ence open­ing cer­e­mony in Abuja yesterday.

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