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Finance Minister Persuades Global Investors to Nigeria as an Investment Destination

By on November 2, 2012

Finance Minister, Okonjo-Iweala

The Nigerian Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala on Thursday asked the global investment community to increase their investments in Nigerian companies.

 

Okonjo-Iweala made the call in London at the London Stock Exchange (LSE)’s annual African Investment Summit, while delivering the keynote address.

 

She said a strong corporate sector is an essential condition for a strong economy, adding that Nigeria’s potential, as Africa’s largest economy would soon be realised.

 

“I’m delighted to be speaking at this important summit. Building on the strong ties that link Nigeria and London will help drive awareness of the exciting investment opportunities in our country and highlight the profile of Nigeria’s many world-class companies.”

 

“Developing strong, transparent economies with a backbone of local, well-financed companies able to invest locally as well as continent-wide is a key step in Africa’s development. This event is clear evidence of the exceptional levels of enthusiasm international investors share with me about Nigeria and Africa’s growth potential,” she said.

 

 

13 companies from seven African countries attended the summit from sectors including financial services, telecommunications, oil and gas, mining, food production as well as retail.

 

The event gives companies the opportunity to engage with over 100 London-based and international analysts and potential investors as well as hearing from leading experts, government ministers, and African business leaders.

 

Some of the companies from Nigeria that participated in the summit are, the Dangote Cement Plc, Diamond Bank, Ecobank Group, and Guaranty Trust Bank

 

In his remarks, the Chief Executive Officer of LSE, Xavier Rolet, said, “With 98 African-focused companies listed on our markets, and African companies having risen over $5.7 billion since 2008, London is the global gateway for fast growing African companies to access global investment funds.

 

“As the event demonstrated, there is an unrivalled community of analysts and investors in London focussed on the exciting business opportunities Africa has to offer.”