Speaking during an audience he granted representatives of strategic Korean companies and industries, on the sidelines of the World Bio Summit 2022 in the Republic of Korea, the President promised: “Nigeria remains committed to creating a stable and enabling business environment for foreign investors through the formulation of sound economic policies and improved governance.”
According to him, “Our administration has prioritised power infrastructure under the Presidential Power Initiative. In this regard, Nigeria has procured modern power equipment, which was inaugurated in September 2022, as part of the phased project to generate 25,000 megawatts of electricity by 2025.”
“The steady improvement from the global economic downturn of 2020 indicates that the economy is on a firm path of recovery. I implore you, therefore, to take advantage of the many investment opportunities in Nigeria, especially in the areas of oil and gas, trade, manufacturing, ICT, creative industry and culture exchange.
We are always good at wooing foreign investors into the country but we will see or feel their impact on the economy of the country rather we see more debts accruing to the country.. May God help us