Nigeria’s Investment Incentives Profitable For Foreign Investors - Onowu

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The Nigerian Ambassador to Belgium, Obinna Onowu, has said that the Federal Government was ready to provide all adequate measures and incentives to ensure

Ambassador Onowu gave the assurance at the weekend in Brussels, during a ‘‘meet and greet’’ with members of the Belgium-Luxembourg-Nigeria Chamber of Commerce .

A statement issued by the Nigerian mission in Belgium, signed by Mrs Olamide Adeniran, a Counsellor, said the parley afforded the Nigerian Ambassador the opportunity to apprise the international investors of the huge investment opportunities in Nigeria.Commending the BLNCC and Embassy staff for organising such an important event, Onowu was quoted to have said that Nigeria is a major investment hub in Africa and the largest economy in Africa.

”For a country that had just crawled out of a recession last year, in the first quarter of this year, it recorded 0.5 per cent growth in its GDP while in the second quarter, 5.01% which served as a huge plus to the economy. ”It is noteworthy that the 5.01 per cent growth recorded in the second quarter, 92 per cent of it was from the non-oil sector,” he said.

Acknowledging the challenges facing the country, Ambassador Onowu stated that these challenges were potential business opportunities in disguise for investors.

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