Government reassures investors of enabling environment

Minister of Labour and Productivity, Chris Ngige.

Minister of Labour and Productivity, Chris Ngige.

The Federal Government has reassured foreign investors that the country is open and secure for business.

The Minister of Labour and Employment, Chris Ngige gave the assurance at the Labour and Trade Ministerial Roundtable of the Africa Growth and Opportunity Act (AGOA) held in the United States.

A statement by the Deputy Director (Press), Ministry of Labour and Employment, Samuel Olowokere, said the forum was hosted by the U.S. State Department in Washington.

The statement issued to newsmen yesterday in Abuja said the minister intimated the forum of steps being taken by the President Muhammadu Buhari’s administration to diversify Nigeria’s economy and restore sustained growth.

It quoted Ngige as saying that the Federal Government is determined to create enabling business environment for investors and cited the “significant gains’’ made in anti-corruption and counter-insurgency.

“President Buhari has taken the initiative to create an enabling environment for businesses to grow and attract investments that are essential to growth, expand our manufacturing base and diversify the economy.

“Perceived constraints to businesses and investments are being removed so that both can thrive,” Ngige said.

The minister explained that the Federal Government had initiated the Presidential Enabling Business Environment Council, while the Enabling Business Environment Secretariat was in the works to attract foreign investments.

Ngige solicited the continued support of Nigeria’s partners and friends such as the U.S., in the face of the country’s current economic situation.

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Chris Ngige
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