Jonathan Say Nigeria Will Host 2014 World Economic Summit On Africa In 2014


jonathanPresident Goodluck Jonathan, on Friday made himself available at the meeting of Nigeria’s Honourary International Investors’ Council (HIIC).

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The president who stormed the event venue at exactly 9:30 am, London time, alongside the Nigerian High Commissioner to the United Kingdom, Senator Dalhatu Tafida and Minister of State for Foreign Affairs, apologized to members of the Council over his failure to attend the conference the previous day.

While addressing the council, Jonathan assured that his administration has attained significant momentum on the drive to attract new investors even as efforts are on to continue to encourage existing investors to flourish.

PIC.4. PRESIDENT JONATHAN IN UNITED KINGDOMHe said, “In 2014, we must not lose this momentum, but rather broaden our interventions to address other difficult issues like the high cost of financing in the country, and the death of adequate skills.

“This 15th meeting builds on the last conversation we had in Abuja and begins to address the fundamental issues constraining competitiveness and investment in Nigeria. Competitiveness ultimately drives profitability, which is what investors are seeking worldwide.

“To be competitive, we must address long standing issues, and introduce bold and courageous reforms, regardless of short term political pressures. This is why my government has remained steadfast in making Nigeria the preferred location for investors to do business, because it is our only pathway to create jobs, generate wealth, and guarantee our security.

“In building a truly competitive environment for business, we are addressing the fundamental issues such as internal security and power supply head-on. For the first time in Nigeria’s 53 years history, we have successfully privatized the electric power industry.

“We are bringing capital, technology, and operational excellence into the sector. As a result, 11 distribution companies, and four generation companies have been privatised, realising over US$3 billion for government. For Council’s information, the assets were finally handed over on 1st November, 2013.

“I am delighted to inform you that investors are responding positively to the opportunities in the sector and we expect to see significant investments in the sector and across the value chain going forward.”

Jonathan informed the HIIC that Nigeria would be hosting the World Economic Forum, between May 7 and 9 2014, signalling a strong sign of Nigeria’s central economic and political role on African continent.

On her part, Coordinator of the HIIC, Lynda Chalker, told President Jonathan that her members feel much more positive about the opening up of investment opportunities in Nigeria.

Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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