{"id":24212,"date":"2018-06-08T10:46:14","date_gmt":"2018-06-08T09:46:14","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=24212"},"modified":"2018-06-08T10:46:14","modified_gmt":"2018-06-08T09:46:14","slug":"nigeria-wants-improved-private-sector-investment-by-european-businesses","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/","title":{"rendered":"Nigeria Wants Improved Private Sector Investment By European Businesses"},"content":{"rendered":"<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country\u2019s investment climate is now very attractive and conducive.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">Senator Udoma who was on the panel that discussed \u2018Delivering Jobs, Growth and Global Competitiveness\u2019 at the on-going\u00a0<i>High-Level Conference on Jobs and Growth in West Africa<\/i>, taking place in Brussels, said the \u00a0Buhari administration has taken steps to improve the business climate in Nigeria and the country\u2019s business outlook for 2018 and in the medium-term is very positive.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">The main objective of the conference was for the European Union to formally present to the West African sub region the European Investment Plan (EIP) as a tool for driving investment and inclusive economic growth in West Africa.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">Other members of the panel were Mrs. Marie-Laure Akin-Olugbade of the African Development Bank; Mr. Mamadou Traore of the ECOWAS Commission; Mr. Abdoulaye Fall of ECOWAS Bank for Investment and Development; and Mr. Stefano Manservisi, the Director General for International Cooperation and Development of the European Commission.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">Senator Udoma told the gathering that Nigeria is open for business because the current administration in the country has taken steps to improve the business climate by initiating reforms aimed at stabilizing the macro-economic environment, improving infrastructure and removing impediments that hitherto constrained business development in the country.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">While making a presentation on Nigeria\u2019s \u2018Economic Recovery and Growth Plan (ERGP), the Minister explained that the Plan has three strategic objectives of restoring and sustaining growth, investing in the people and building a competitive economy. He stressed on government\u2019s determination to deliver on these objectives as it is aiming to achieve sustained inclusive growth and attaining at least a 7% GDP growth rate by 2020.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">With the implementation of some of the Plan\u2019s reform initiatives like the establishment of the Nigerian Industrial Policy and Competitiveness Advisory Council and the setting up of the Presidential Enabling Business Environment Council (PEBEC), the Minister said it has become much easier now to register and establish business in Nigeria; and there are positive signs already that the reforms are working.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">Sharing experience on the administration\u2019s poverty alleviation and job creation programmes through the Social Investment Program (SIP), Government Entrepreneurship and Empowerment Programme (GEEP) as well as the Industrial Revolution Plan, he said government has not only created a platform for skills acquisition but has laid a foundation for youth entrepreneurship and employment generation.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">He also mentioned the just concluded ERGP Focus Labs as one of the initiatives to fast-track the realization of the ERGP objectives. The labs, he explained, brought together all stakeholders to identify bureaucratic bottlenecks impacting investment projects in Nigeria and in the process generated ideas and resources to solve them. It is one of the major initiatives under the ERGP meant to attract investment, create jobs and grow the economy, he added.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">The Minister said the initial labs, which ran for six weeks between March and April, identified over $22 billion worth of potential investments, with $10.9billion of those Investments categorised as \u2018most ready to go\u2019. Cumulative investments that could be generated from the labs could rise to $39.2 billion by 2025 with effective implementation.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">Investments identified in the labs, he pointed out, could be realized within the next two years as impediments to the proposals have been discussed and strategies to eliminate them are currently being developed.<\/p>\n<p class=\"yiv2882339618ydp7fb0f77aMsoNormal\">\n<\/p><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country\u2019s investment climate is now very attractive and conducive. Senator Udoma who was on the panel that discussed \u2018Delivering Jobs, Growth and Global Competitiveness\u2019 at &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":20550,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[482,483],"coauthors":[2391],"class_list":["post-24212","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-budget","tag-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria Wants Improved Private Sector Investment By European Businesses - National Wire<\/title>\n<meta name=\"description\" content=\"The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country\u2019s investment climate is now very attractive and conducive.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria Wants Improved Private Sector Investment By European Businesses - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country\u2019s investment climate is now very attractive and conducive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-08T09:46:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/01\/Minister-Udoma-Udo-Udoma.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/01\/Minister-Udoma-Udo-Udoma.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/01\/Minister-Udoma-Udo-Udoma.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Minister-Udoma-Udo-Udoma\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/\",\"name\":\"Nigeria Wants Improved Private Sector Investment By European Businesses - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#primaryimage\"},\"datePublished\":\"2018-06-08T09:46:14+00:00\",\"dateModified\":\"2018-06-08T09:46:14+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country\u2019s investment climate is now very attractive and conducive.\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria Wants Improved Private Sector Investment By European Businesses\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nigeria Wants Improved Private Sector Investment By European Businesses - National Wire","description":"The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country\u2019s investment climate is now very attractive and conducive.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/","og_locale":"en_US","og_type":"article","og_title":"Nigeria Wants Improved Private Sector Investment By European Businesses - National Wire","og_description":"The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country\u2019s investment climate is now very attractive and conducive.","og_url":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/","og_site_name":"National Wire","article_published_time":"2018-06-08T09:46:14+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/01\/Minister-Udoma-Udo-Udoma.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/01\/Minister-Udoma-Udo-Udoma.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/01\/Minister-Udoma-Udo-Udoma.jpg","width":1280,"height":720,"caption":"Minister-Udoma-Udo-Udoma"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/","name":"Nigeria Wants Improved Private Sector Investment By European Businesses - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#primaryimage"},"datePublished":"2018-06-08T09:46:14+00:00","dateModified":"2018-06-08T09:46:14+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country\u2019s investment climate is now very attractive and conducive.","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-wants-improved-private-sector-investment-by-european-businesses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Nigeria Wants Improved Private Sector Investment By European Businesses"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/24212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=24212"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/24212\/revisions"}],"predecessor-version":[{"id":24213,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/24212\/revisions\/24213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/20550"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=24212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=24212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=24212"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=24212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}