THISDAY

FG Urges French Investors to Tap Opportunit­ies under ERGP

- In Abuja

who spoke with THISDAY from Maiduguri on phone, said: “Yes, there was a suicide attack on a camp in Pulka on Monday, three persons died and seven other persons were injured.”

Bukar, who is the Secretary of the Hunters Associatio­n in Borno State, added: “Our fear is that, the insurgents would want to use the festive period to create problems in order to seek relevance therefore, people should be extra careful and support security personnel with informatio­n at all times.”

A military officer, who asked not to be named as he was not authorised to speak to the media, said the clusters of camps in Pulka and Gwoza have created a new security challenge.

He said: “We have clusters of camps spread across, all within Pulka town and this is due largely to the growing population of IDPs especially, those recently brought in from Cameroon.

“This has created a challenge both in terms of security surveillan­ce and service delivery especially, as the town has no telecommun­ications network to ensure ease of monitoring and control.”

Attempts to get official confirmati­on from both National Emergency Management Agency (NEMA) and Borno State Emergency Management Agency (BOSEMA) were unsuccessf­ul

Phone calls to both Abdulkadir Ibrahim (Informatio­n Officer, NEMA) and Engr. Ahmed Satomi (Chairman, BOSEMA) were not picked at the time of filing this report.

Pulka, is 16 kilometres from Gwoza town, 135 kilometres away from Maiduguri, Borno State capital, North-east

The attack came barely a day after Sunday’s attack where six soldiers lost their lives with a dozen others injured and heavy fighting equipment reportedly carted away when a military convoy was ambushed by suspected Boko Haram insurgents in Sandiya village, around Konduga town on the Damboa /Konduga border, which is 76 kilometres away from Pulka town in Borno State.

Pulka was liberated from the hands of Boko Haram insurgents by the military in early 2016 after been held for close to two years. Ndubuisi Francis The federal government has called on French investors to key into the Economic Recovery and Growth Plan (ERGP) as well as take advantage of the opportunit­ies that the country currently presents to invest in Nigeria.

The Budget and National Planning Minister, Senator Udoma Udo Udoma, who made the call when a delegation of French businessme­n paid him a visit in Abuja, stated that Nigeria’s priority was to create a better environmen­t for businesses to thrive, as the country is focused on expanding the productive base of the economy.

While receiving the delegation which was accompanie­d by the French Ambassador to Nigeria, Denys Gauer, the minister said the country was more than ever open for business.

He welcomed the increasing interest in Nigeria by both domestic and foreign investors and assured that the government was determined to continue with the various initiative­s that are already improving the business climate as set out in the ERGP.

A statement released by Udoma’s Special Adviser (Media), Mr. Akpandem James, said the minister indicated that as a way to monitor the progress of government’s reforms a target of moving 20 places up was set in 2017 on the World Bank Ease-ofDoing-Business rankings.

However, he noted that in the World Bank’s latest rankings, released in October 2017, the country moved up 24 places, describing it as a remarkable achievemen­t.

He added that Nigeria has also been recognised as one of the ten top reforming countries in the world.

The more than 30-man delegation, comprising investors in the oil and gas, energy, manufactur­ing, banking and logistics sectors, among others, is in Nigeria to explore possible areas of investment in the country.

The minister said there exist in Nigeria ample opportunit­ies for investment particular­ly in agricultur­e, manufactur­ing, oil and gas, power, rail, mining and shipping among others.

He explained that the fall in crude oil price was a wake-up call for the diversific­ation of the country’s economy which has historical­ly relied, almost entirely, on crude oil for its foreign exchange earnings and government revenues.

The government’s response to this, he said, was the developmen­t of an ambitious four- year plan to dramatical­ly turn around the economic direction of the country, adding that the ERGP is aimed at increasing the productivi­ty of the Nigerian economy by encouragin­g private sector investment.

Earlier in his remarks, the leader of the French delegation, Movement des Enterprise­s de France (MEDEF), Philippe Lebonne, told the minister that MEDEF is the largest French business confederat­ion and the largest employer of labour in France, with an estimated 750,000 firms, 90 per cent of which, he said, is made up of small and medium scale enterprise­s.

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