The minister said this at the official inauguration of 2019 African Economic Outlook and West Africa Regional Outlook at the headquarters of African Development Bank in Abuja on Tuesday.Represented by Alhaji Mahmood Isa-Dutse, the Permanent Secretary in the ministry, Ahmed disclosed that in addition, the country’s external reserves had been rising and currently standing at over 17 months of import cover.
“Besides, the ongoing infrastructural development in power and transport sectors, there are improvements in the process of business registration aimed at encouraging local and international investors. “As a government, we are already utilising the capital market to raise infrastructure financing through the SUKUK bonds. The president recently signed Executive Order No. 8 which allows private sector to invest in infrastructural development with a negotiated tax compensation” she said.
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