Sambo assures foreign investors of safety despite insurgency


rp_Namadi-Sambo.jpgVICE President Namadi Sambo, has assured investors and Nigerians of government’s sincerity in tackling the menace of insurgency which has ravaged a section of the country for years now. He also assured the investment community that Nigeria is safe and secure for investments despite the challenges posed by boko haram, which he said the government was working strategically to overcome.

The Vice President said this yesterday in Abuja, at the 2014 annual directors conference and exhibition where he was the special guest of honour. Speaking on the theme, “Imperatives of Good Governance in Promoting Investment Opportunities’, Sambo appealed to all Nigerian business men and women to uphold the principles of corporate governance and best practices. He added that it was time for all to project Nigeria in good light among the comity of nations and to assure the world that it is safe to do business in Nigeria and with Nigerians.

“As a nation, we are aware of the various challenges confronting us which have also been  orchestrated by that of insecurity. All these are being tackled strategically and we are certain that in no distant future, we will rejoice that they are things of the past. The sincerity of this administration is not in doubt. we have displayed maturity in the face of provocation. We intend to remain focused and will not be distracted”, he assured.

In a speech read on his behalf by Permanent Secretary at the Office of the Head of Service, Mr. Tope Ajakaye, the vice president commended the organiser of the conference, the Institute of Directors (IoD), for its active participation in the code of corporate governance for Nigeria, stating that this will not only project the country in a brighter light as being compliant to best practices but also afford investors, both local and foreign, the desired confidence to do business in Nigeria.

According to him, the concept of good governance centres on responsibility of government at all level, to meet the needs of the masses. He noted the need for the private sector to partner with government to achieve the goals. He added that government’s efforts at achieving this goal have been founded on accountability, transparency, rule of law, responsiveness, equitability and inclusiveness.

He noted that the on-going reforms using the Financial Reporting Council (FRC) has yielded much fruits and talks are being concluded with entrepreneurs and institutional investors from countries such as USA, Canada, South Africa, China, Lebanon, Brazil, India and others.

President and Chairman of the IoD, Mrs. Eniola Fadayomi, in her remarks called on all stakeholders in the Nigerian economy to fully embrace corporate governance with particular focus on responsibility, integrity, accountability, transparency, self regulation and effective internal control systems.