Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, said Nigeria has now become the first consideration for foreign investment following the positive response to the reform measures introduced by the Federal Government.
As a result of these commendations, Edun said Nigeria is now at the forefront of consideration for foreign investment in the international community. “That is the opportunity we have had, not so much to stand in front of people and showcase but that they get the opportunity within this environment to understand even more clearly what has been done.”Edun disclosed that the World Bank will soon release a $1.5 billion loan to Nigeria, which had been in the pipeline for a while, adding that, given the prevailing high interest rate regime across the world, the FG will focus on initiatives for financing on reasonable terms.
He said: “These are painful reforms and Mr. President is a man of empathy who promised not to leave the vulnerable and poor behind. “So day by day we are moving closer to affordable and even cleaner energy simply because the price of petroleum products has been put where it really stands rather than having cheap fuel which is below the market price and below it’s value. Now you are seeing the right value and that is making the move to cleaner and finer energy.
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