30 November 2012

Nigeria: Sambo to UK Investors - FG Has Made Progress in Security, Power

London — Vice-President Namadi Sambo has told potential investors in the UK that the government has provided all the necessary facilities to make Nigeria competitive and attractive to foreign investors.

Speaking at the opening of the 13th meeting of Honorary International Investors Council (HIIC) in London yesterday, Sambo said a lot of progress has been made in the areas of power supply, internal security and ports reforms, among others.

"A lot is being done in competitiveness and attracting foreign investments. A lot is also being done in agriculture and job creation," he said.

On power supply, Sambo said: "today in Nigeria, all citizens are aware and can feel an improvement in power supply and I can confirm to you as the chairman of the NIPP projects, that the new 10 thermal power plants we are building are already adding power to the national grid and each one is over 10 percent completed.

"We have achieved a lot to address terrorism and also crude oil theft. The visa policy has been approved by the council," he said.

The HIIC is a organisation of prominent investors, drawn from various countries around the world who advise governments on economic development issues.

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