National Wire About Nigerians, Nigerian Business and Other Stories
Alhaji (Dr) Umaru Kwairanga, Chairman of the Nigerian Exchange Group (NGX), has invited investors to be part of Nigeria’s turnaround story, highlighting the country’s abundant natural resources, young and educated population, and ongoing reforms.
Speaking at the Nigeria Infrastructure Investment Forum at Standard Bank International Headquarters London, Kwairanga emphasized Nigeria’s potential as a growth engine for the 21st century. He cited the country’s vast fertile land, mineral resources, and welcoming climate as major attractions for investors.
Kwairanga stressed that Nigeria’s human resources, with over half of the population under 30 and a large proportion highly educated, make it an ideal investment destination. However, he noted that world-class infrastructure is needed to unlock the country’s potential and compete globally.
The NGX Chairman urged investors to take advantage of Nigeria’s reforms and investment opportunities, likening it to investing in China in the 1980s. He expressed confidence in President Bola Ahmed Tinubu’s administration, saying the government has made significant progress in addressing fundamental and structural issues holding back Nigeria’s potential.
Kwairanga highlighted the administration’s reforms, which have begun to yield positive results for Nigerians and investors. He emphasized the need for infrastructure investment to support Nigeria’s growth, citing roads, ports, electricity networks, and rail lines as priority areas.
The event, attended by President Tinubu and Honourable Minister for Industry, Trade and Investment, Dr. Jumoke Oduwole, aimed to showcase Nigeria’s investment opportunities and attract foreign investment.
Kwairanga’s remarks underscored Nigeria’s determination to become a major economic powerhouse, inviting investors to be part of the journey.
