The Minister of Finance, Mrs Kemi Adeosun, has advised investors from the United Kingdom to take advantage of the improved business environment in Nigeria to invest in key sectors of the economy.
She gave the advice at a meeting with members of the business delegation that accompanied the British Prime Minister, Theresa May, to Nigeria.
The finance minister stated that the administration of President Muhammadu Buhari had taken a bold step in creating an enabling business environment for attracting investments, through the establishment of the Presidential Enabling Business Environment Council.
She expressed the commitment of the government to further improve on the business environment and sustain existing reforms.
This, she noted, would assist in consolidating the gains of the economy through the deepening of the ease of doing business project.
She said, “There are lots of business opportunities in Nigeria and the government is addressing assiduously the impediments to ease of doing business in Nigeria.
“This will make it easier for businesses to grow and contribute to sustainable economic activity in the country as well as create jobs.”
Adeosun also canvassed the need for the deepening of the Nigerian capital market with specific products that could be channelled towards infrastructure financing.
This, according to her, will ensure that the capital market plays a pivotal role in stimulating the economy.
“We can’t have enough capital to finance infrastructure development. Deepening the capital market is key to the funding of infrastructure in Nigeria,” Adeosun added.
The British Minister for Africa, Harriet Baldwin, expressed satisfaction with the trade relations between Britain and Nigeria, adding that more business partnerships would be announced by the visiting Prime Minister.
The UK’s bilateral trade relationship with Nigeria is worth £4.2bn per annum.