Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun yesterday said that Nigeria has now become first consideration for foreign investment following the positive response to the reforms 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 among the international community. He said: “On the talks with the World Bank on $1.5billion budget support, that is correct. The World Bank is the number one multilateral development bank helping developing countries or funding developing countries, projects and programmes, and sectors.
And as you know there is a set of interventions being rolled out which day by day should improve things. “I will also add, one of the benefits, when we talk about the benefits coming through some of the measures taken, the fact that there has been a 30 per cent reduction in smuggling of petroleum products across the border, I think is a major achievement of that all-important step to remove fuel subsidy.