Fidelity bank card banner Emerald Energy Institute Camano banner

Foreign investments in Nigeria assured of protection

By News Express on 29/08/2016

Gmail icon

Views: 1,688


President Muhammadu Buhari, on Saturday night, strongly assured existing and prospective foreign investors that their investments in Nigeria will be fully secured and protected.

Speaking at a bilateral meeting with Japanese Prime Minister Shinzo Abe, on the sidelines of the sixth Tokyo International Conference on African Development (TICAD) in Nairobi, Kenya, President Buhari outlined several steps taken by his administration to secure the country and ease doing business in Nigeria.

He told the Japanese leader that with the defeat of the Boko Haram terrorists by the military, the attention of the administration is now focused on stopping the destruction of the country's economic assets by militants in the Niger Delta region.

He said the militants must dialogue with the Federal government or be dealt with in the same way like Boko Haram.

"We are talking to some of their leaders. We will deal with them as we dealt with Boko Haram if they refuse to talk to us.

“As a government, we know our responsibility, which is to secure the environment. It is clear to us that lenders won't fund projects in insecure environments.

“We realise that we have to secure the country before we can efficiently manage it," the President said.

President Buhari told the Japanese Prime Minister that security in the Gulf of Guinea, which is greatly affected by piracy and armed robbery at sea, was a priority for the Nigerian government.

“We have provided funds to our Navy to buy new platforms, train and effectively organize the personnel to protect the area. We are looking forward to support from developed nations for satellite surveillance covering the Gulf,” the President said.

Recalling his audience with G7 leaders in Germany, which was attended by the Prime Minister, President Buhari thanked Japan for responding positively to the requests by Nigeria for the rehabilitation of victims of Boko Haram and rebuilding of infrastructure in the North Eastern part of the country.

The President however said there was still more to do on education, health and other infrastructure to ensure quick and voluntary return of displaced persons to their native communities.

On the United Nations Security Council reform, President Buhari agreed to work with Japan for the reforms, stressing that the case for a permanent seat for Africa on the Council was a moral one.

He equally expressed Nigeria’s support for Japan in their bid for a UN resolution on the problems in East China and South China as well as the “uncontrolled nuclear tests by North Korea.”

“The UN system is sufficient for the resolutions of all disputes and no nation should be above the United Nations.

“This has to be made absolutely clear and I assure the Prime Minister that I will meet as many leaders as possible at the forthcoming UN General Assembly concerning the issues.”

In his remarks, Prime Minister Abe congratulated President Buhari “for courageously tackling Boko Haram terrorism.”

He said Nigeria and Japan must work together to improve the investment climate in view of the many Japanese companies wishing to invest in Nigeria.

He reaffirmed Japan’s commitment to rapid development in Nigeria through quality delivery of ongoing projects in the country, including Jebba hydro power scheme and the Lagos railway project.

•Photo shows President Buhari with Japanese Prime Minister Shinzo Abe.

Source News Express

Posted 29/08/2016 05:47:01 AM

 

 

CLASSIFIED ADS

 

You may also like...
PDP Senators call for release of Rivers re-run...

Revealed: Names of massacred, shot and injured pro-Biafra...

Super Eagles move up in FIFA ranking

Lagos Govt pardons 14 inmates after 20 years...

Mixed reactions greet re-introduction of sanitation exercise in...

Expect cloudy weather today, with prospects of localised...

Police disobeys court order, refuses to vacate Peace...

Breaking News: Ex-ASUU President Festus Iyayi dies in...

Anambra will be crime-free during the Christmas/New Year...

Kirikiri Customs Command gives tanker drivers 2 wks...

Boko Haram slaughters 11 in northern Cameroon

Voters’ registration: INEC denies asking Muslim women to...

 

Latest News Port Harcourt serial killer unmasked Buhari sacks Head of Service Oyo-Ita, hands job to Yemi-Esan Another suspected Port Harcourt serial killer nabbed Alleged rape: Adamawa teacher, 12-year-old schoolgirl are lovers — NUT chairman Pandemonium in Onitsha market as Police officer shoots vigilante chief 5 killed, several injured as gunmen attack Taraba communities Champions League: Man City win convincingly in Shakhtar, PSG beat Real Public outcry over N5.5bn voted for lawmakers’ utility vehicles nonsensical, says Senate Dickson fires aide over misconduct Governors meet over N614bn bailout deductions, others Nigeria, South Africa, xenophobia and the United Nations, By Bashir Maidugu RIWAMA issues final warning to defaulting service providers

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (541,552 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,461 views) Shameless Genevieve Nnaji exposes breasts in public (389,806 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (326,913 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (294,945 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,778 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (249,961 views) 10 cars more expensive than Jets (238,641 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,651 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,694 views) Lagos plane crash: Journalist releases victims’ names (196,009 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,595 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,451) Business Verdict (80) Columnists (1,110) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (664) Features (812) Global Business Monitor (442) ICT Monitor (63) International (3,963) Interview (203) Live Commentary (30) Love Matters (170) Maggie's Blog (414) News (51,468) Opinion (1,360) Pidgin (17) Politics (11,453) Religion (1,102) Sports (2,170) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera