NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
FG not serious about wooing foreign investors — Sanusi

By Simeon Ebulu, Nduka Chiejina and Collins Nweze, Washington DC on 22/04/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 520

•Emir of Kano, Alhaji Mohammed Sanus
•Emir of Kano, Alhaji Mohammed Sanus

The Emir of Kano, Alhaji Mohammed Sanusi, yesterday expressed displeasure at the attitude of some government officials to foreign investors.

The former governor of the Central Bank (CBN) said Nigeria has to reduce unnecessary bureaucracy if it must succeed in bringing in the much needed foreign investments.

Emir Sanusi, who spoke at the Nigeria Embassy in Washington DC, said Nigeria has a strong economy and market, which ordinarily should make it an investment hub in Africa, yet many investors shy away from the country on account of the attitude of some government officials.

He said: “Nigeria maybe the biggest economy, but an investor may decide that rather than go through the hassle of investing, say $500 million in Nigeria, he may decide to invest $100 million each in Ghana, Cote d’Ivoire, South Africa, or Rwanda.

“I’ll give you a simple example, we had a meeting today (yesterday) with investors.  We were supposed to start at 10 am.

“So I came in early, and I was taken to the Nigerian Ambassador’s office to sit down, while investors were waiting for me outside. That is not how you attract investors.

“Also, we had a list of top Nigerians that were to attend the meeting, like the Vice President and some Ministers. Some of these ministers were in town but they didn’t come.

“You (Nigeria) invite US Commerce Secretary, some top investors and your Ministers are in Washington and they do not come to talk to the investors about Nigeria. That is not done.”

Continuing, Emir Sanusi said: “I bet you that if the Rwandan Embassy had this kind of forum, President Kagame himself would be there telling people to come to his country.

“There is absolutely no reason why the Nigerian Embassy in the US will organise ‘Nigeria is open for business’ forum, with Nigerian ministers and some governors in town and not in here to meet these investors. And there is no reason to start one hour late, or that our public address systems should not be working.

“This is the first point of entry for these investors.  They haven’t even come to Nigeria and this is their experience already. He may say that if I’m having this experience in DC, what will happen when I go to Abuja or Kano? How do I get to see the governor? Will I wait 10 hours?

“And for these kind of people (investors) in DC, they had other Heads of States to meet, World Bank to meet and an hour is a lot of time for them to wait for you.

“So, I think we need to look at those kind of things that investors look at and have a very honest conversation, sector by sector, region by region, state by state, what do we need to do to make those areas attractive.”

But he was quick to add that investors are still interested in investing in the country’s agriculture, mining and technology sectors and not just oil.

He said that Nigeria had a chance of getting foreign investors to come in and invest in areas that would help in diversifying the economy if they behave more professionally.  

•Text (excluding headline) courtesy of The Nation.

 

Source News Express

Posted 22/04/2018 09:11:33 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Nigerian brothel madam who used ‘voodoo curses’ to...

Wike assures of more jobs with revival of...

2015: Jonathan begs defeated PDP aspirants

EFCC detains bank chief over Diezani’s $115m lodgements...

Nigeria will not break up in 2015 —Uduaghan,...

Abia plans roads to link senatorial zones

Army-Shiite Clash: The untold story

‘Emefiele’s detractors, enemies of Nigeria’

UBA disrupts future of payments for SMEs, introduces...

New CP assumes duty in Akwa Ibom

Boko Haram warriors kidnap soldiers’ wives and children...

Buhari signs North-East Development Commission Bill into law...

 

Latest News Rethinking Nigeria’s development with Bill Gates, Okonjo-Iweala, By Adele Adeniji Still on Buhari’s verdict on Nigerian youths, By Jerome-Mario Utomi Armed bandits abduct housewives in Kaduna Cybercrime: UK sends 2 Nigerians to prison Brave worshippers capture suicide bomber inside mosque 41 items still banned under Nigeria-China currency swap deal – CBN Pope Francis unveils 14 new cardinals, no Nigerian on the list Anambra to revive over 200 skill acquisition and entrepreneurial centres New HIV infections among pregnant women raise concerns Why Okorocha wants Nwosu to be Imo Governor in 2019, By Collins Ughalaa Certificate Scandal: HEDA asks SFU to investigate Senator Omisore dumps PDP for SDP ahead of 2019

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (344,941 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,564 views) Shameless Genevieve Nnaji exposes breasts in public (273,078 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,501 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (204,978 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,475 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,694 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,000 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,033 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,166 views) Lagos plane crash: Journalist releases victims’ names (139,830 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,240 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (40) Business & Economy (3,136) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (594) Global Business Monitor (273) International (1,964) Interview (149) Live Commentary (28) Love Matters (119) News (35,442) Opinion (953) Pidgin (10) Politics (5,021) Religion (742) Sports (1,512) Stock Watch (28) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement