10 May 2012

Nigeria: 100 Foreign Investors Set for Country's Investment Forum

About 100 foreign investors and 200 local businesses are expected to participate at the second Nigeria International Investment Forum that is scheduled for next month, the co-Chairman of the Commonwealth Business Council (CBC) Gregor Mackinnon has said.

He said this Tuesday in Abuja while briefing newsmen on the forthcoming investment forum that is being put together by the CBC, Nigeria Investment Promotion Commission (NIPC) and Image Affairs Nigeria Limited.

He said Nigeria is the investment hub of Africa with abundant opportunities for prospective investors.

He said the forum which is scheduled to hold between June 27 and 29 in Abuja, is to build on the work of CBC in Nigeria's private sector and to also enable the council consolidate on its investment programme in the country.

He said that the council has been supporting the presidential crusade on power in Nigeria in the last two years, adding that the forum would give priority attention to the key sectors of the economy like oil and gas, agriculture, telecommunications and others.

Speaking, the Executive Secretary of NIPC, Engineer Mustafa Bello, said that the forum is to, among other things, lead a global campaign for the untapped investment opportunities in the country, showcase the country's abundant natural resources and stimulate the growth of both local and foreign investments.

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