FG tar­gets tril­lions naira IT in­vest­ments

Daily Trust - - CITY NEWS - By Zakariyya Adaramola

For­eign in­vestors are in­di­cat­ing in­ter­ests in com­ing to Nige­ria to set up IT in­vest­ments worth hun­dreds of bil­lions of dol­lars, the Nige­ria Con­sular-Gen­eral in Dubai has said.

Dr Mike Omo­to­sho dis­closed this in an in­ter­view with Daily Trust at the World Trade Cen­tre, Dubai, venue of this year Gulf In­for­ma­tion Tech­nol­ogy Ex­hi­bi­tion (GI­TEX).

Dr Omo­to­sho said IT in­vestors “are par­tic­u­larly show­ing in­ter­ests in Nige­ria be­cause of the ‘new gov­ern­ment of change’ we have now.”

The neg­a­tive view for­eign busi­ness­men had about Nige­ria in the Gulf coun­tries had dis­ap­peared as most of them now have con­fi­dence in Pres­i­dent Muham­madu Buhari, ac­cord­ing to the Con­sular Gen­eral.

He said GI­TEX, one of the big­gest ICT events in the world, had af­forded Nige­rian of­fi­cials the op­por­tu­nity to meet with highly rated in­vestors, who had in­di­cated in­ter­est to dis­cuss fu­ture in­vest­ment plans in the coun­try.

He also said the fed­eral gov­ern­ment is fo­cus­ing on lo­cal tech star­tups that would be sup­ported with startup funds and ex­per­tise men­tor­ing.

In a sep­a­rate in­ter­view, the Ex­ec­u­tive Sec­re­tary/Chief Ex­ec­u­tive of Nige­rian In­vest­ment Pro­mo­tion Coun­cil, Uju Aisha Has­san Baba said Nige­ria is now at­tract­ing ap­pro­pri­ate for­eign in­vest­ment.

“There is no doubt about the fact that our coun­try is now the choice of in­vestors in Africa. We are now in com­pe­ti­tion with any coun­try as re­gards our sta­tus as be­ing the in­vestors’ choice”, she said.

Ear­lier at the open­ing cer­e­mony, the or­gan­is­ers of GI­TEX pos­tu­lated that global smart ci­ties mar­ket will reach $3.3tril­lion in 2025.

One of the or­gan­is­ers, Bi­lal alRais said nearly half of the world’s 26 Smart Ci­ties would emerge from de­vel­op­ing economies and the Mid­dle East.

He said more than 130,000 vis­i­tors from 150 coun­tries at­tended the event, which is the third largest ICT event across the world.

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