Nigeria Now A Safe Haven For Investment, Minister Says


Minister of State for Budget and National Planning, Mrs. Zainab Ahmed, has urged potential investors in Nigerian to take advantage of the present wave of change to tap from the huge benefits inherent in the economy. She described Nigeria as a safe haven for foreign investors.

Speaking on Thursday when a delegation of Foreign Investors led by Dr. Shamsuddeen Usman, a former National Planning Minister visited her Ministry, Ahmed described Nigeria’s business climate as favourable. The delegation of the Foreign Investors came from United States, United Kingdom, Middle East, China, France, South Africa etc under the auspices of Renaissance Capital Investments.

“Our N6,08 trillion budget is designed to stimulate and reflect our economy, we are making conscious efforts at reducing barriers of doing business in Nigeria. Our government is heavily fighting corruption and insecurity challenges is almost successfully tackled,” she said.

The minister also stated that the 2016 budget which is zero based is designed to reflect the economy for the creation of jobs and boost the productive sectors of the economy. She said the robust Monitoring & Evaluation mechanism put in place by her ministry will ensure implementation of the budget and see to it that funds are released based on performance.

Speaking on behalf of the group, the former Planning Minister, Usman praised the Ministry’s effort to update the vision 20:2020 as well as reactivating of the based management performance.