President Muhammadu Buhari has assured foreign investors interested in doing business in Nigeria that his administration will continue to provide secured environment to ensure the success of their businesses. He said this on Tuesday at the inauguration of the International Breweries Plc, the largest plant in West Africa, located in Ogun State, said to cost $250m.
The President, who was represented at the event by the Secretary to the Federal Government, Boss Mustapha, said, “We will continue to provide physical infrastructure for existing investment to thrive and make every part of the country attractive to real investors.
This administration’s change mantra remains the pledge we made to all Nigerians in the areas of securing the nation, fighting corruption and diversifying the economy. Today, the International Breweries is the largest of six listed companies on the Nigerian Stock Exchange with a market capitalisation of two hundred and ninety-five billion on this plant alone.
This is a perfect example for other states in Nigeria. The International Breweries was birthed from a little dream in 1971.”
The President noted that the establishment of the plant showed the investors belief in the Nigerian economy. He commended the management of IBL Plc, saying that the investment would reverberate through the economy, thereby giving a boost to the nation’s agricultural sector with existing partnership with local farmers to produce 30 tonnes of sorghum.
(Punch)
No comments:
Post a Comment