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Sambo Assures Foreign Investors of Nigeria’s Economic Reform

By on November 30, 2012

VP, Namadi Sambo

For Foreign Investment to flow into any Nation, there must be visible and tangible evidence of progress in the  economic  reforms and goals set by the Government, which guarantees an enabling environment for remarkable sustainability.

This is the report card  Vice- President Namadi Sambo gave at the recent 13th meeting of the  HIIC (Honourary International Investors Council) group in London, attesting to Nigeria’s progress in its reforms geared towards repositioning the Nation as a major player in the Global economy.

He highlighted the Customs and Port reforms, the Petroleum Industry Bill which is on the verge of being passed into law by the National Assembly, the Power sector unbundling and restructuring, Aggressive Agricultural initiative geared towards diversifying the economy and the National Policy on Extraction shoring up and giving backing to new mining policies  amongst others as various actions taken by the government to ensure the Nation is on the path to economic relevance.

Vice-President Sambo also stated that the commitment of President Goodluck Jonathan to ensuring  proper Banking reforms, ICT and Broadband technology expansion are also part of the resolve of the Nigerian leadership in providing a platform for the Nation to gain competitiveness in the globe.

The Senior Special  Adviser to the Vice-President on Media Mr Sani Umar speaking with journalists, also confirmed that his boss re-emphasized the seriousness of his administration in tackling the Power sector challenges, by briefing the session on the progress so far made in the privatization process.

Mr Umar said the HIIC Session was also informed of the 90% completion of the power thermal plants built across the country, to increase the capacity, generation, distribution and supply of power which remains one of the key sectors that the Government needs to get right to win the hearts of prospective investors.

The expectation of having increased Foreign Direct Investment inflows from 2013 looks certain for the Federal Government as the convincing  presentation of the Vice-President created a lot of interest from the International Investors that attended the forum.