Nigeria's President, Goodluck Jonathan has said that Nigeria shall remain the most preferred investment destination in Africa, considering the various measures his administration has put in place to create the right environment for investments and businesses to thrive in the country. The president said this on Thursday March 13, 2014 at the commissioning of the multi-billion naira Procter and Gamble Plant in Agbara, Ogun State.
The president, who was represented by Vice President Namadi Sambo added that his administration's development strategy is towards transforming Nigeria, in order to ensure that investors' trust in the stability, growth and development of the country is not misplaced. "In this respect, we have taken measures aimed at complementing the efforts of private sector organizations to enable Nigeria achieve its all-inclusive growth as well as job and wealth creation targets," the President said.
He commended the Ogun State Government for creating conducive environments for business to thrive, describing the State as the most industrially developed in the country. He also expressed the readiness of the Federal Government to partner with the State in its developmental programmes.
President Jonathan revealed that the current administration has drawn out plans for the long awaited Lagos to Sokoto Express Road; indicating that the design for the contract which would be carried out under a public - private partnership would soon be completed.
He also stated that the contract for a standard gauge rail line to connect Lagos through Ogun State to Ibadan in Oyo State has been awarded. Also, the Olorunsogbo Power Plant in Ogun State has been successfully completed and privatized as the Federal Government is building an additional power transmission system as well as investing in the development of gas infrastructure to support the efforts of the State government
Culled from Allafrica reports.
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