Ministry of Industry, Trade & Investment News
The Minister of State for Industry, Trade and Investment, Samuel Ortom has described the turnover on investment in Nigeria as high and very attractive to investors all over the world. He made the statement during a courtesy visit by some Chinese Investors, who were led by the Chairman of the Beijing Yeaco Investment Consulting Company (Africa Investment Net), Zhou Dewer in his office in Abuja.
The Minister said that the Nigeria – China Business Forum organized by the Ministry has started yielding results by attracting many Chinese investments into the country and urged the investors to maximize the economic potentials available in Nigeria. “Nigeria is an investment designation because of her landscape, natural and human resources as well as population. Our desire is to have enough investors coming into the country to invest and produce goods in the country that would offer opportunities for jobs and wealth creation for Nigerians,” he said.
“We will stand by you to ensure that you do not regret coming to Nigeria. Opportunities abound in all sectors of our economy and through Nigeria you can reach other African countries.” He reiterated that Nigeria and China are committed to promoting bilateral and investment relations as well as sharing experiences on industry, trade and investment.
According to Samuel Ortom, Nigeria has agencies such as the Standards Organization of Nigeria (SON), the Consumer Protection Council (CPC) and other agencies that are charged with regulating the activities of industries and businesses to ensure that quality goods are produced in the country. He further averred that presently government agencies have been proactive and ready to ensure that people are not deceived whatever. Adding, the SON, CPC and other agencies are monitoring and enforcing laws, whilst the Ministry is committed through its agencies to ensuring that Nigerians obtain value for what they pay.
Speaking earlier, the leader of the delegation, Zhou Dewer pointed out that Nigeria has great potentials, natural resources and opportunities for investment; saying the Federal Ministry of Industry, Trade and Investment is the key ministry that links up investors for more opportunities in the country.
Zhou Dewer added that the delegation is in the country to contribute towards the economic development of Nigeria through investing in the oil and gas sector as well as equipment technology, transportation, energy and building. He also said that some of the investors have plans to invest $130 million in building generators and energy in Nigeria.
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