24 April 2014

Nigeria: Investors Urged to Deal Agencies Direct

London — The Special Adviser to Kaduna State Governor on Trade and Investment, Muhammad Yusuf Lere, has advised those wishing to invest in Nigeria not to "go through the back door" but follow the right channels.

Speaking at a media briefing in London on the forthcoming second Nigerian Diaspora Direct Investment Summit (NDDIS) slated for June this year, Lere urged potential investors to "always do business the right way" to avoid failures and other negative outcomes in their enterprises.

The Special Adviser also advised Nigerians in Diaspora to de-emphasise the culture of seeking contracts and other favours from government officials, adding that they should be creative and come up with businesses and business ideas that would contribute to the economic development of the country.

He described Kaduna state as an investment haven with more than 100 solid minerals and other investment potentials, and urged investors to take advantage of the state government's open-door policy and the state's proximity to Abuja to establish businesses in the state.

Speaking earlier, the Executive Director of NDDIS, Mr. Bimbo Folayan, said the summit was aimed at showcasing Nigeria's investment potentials and attracting investment into Nigeria, as well as helping Nigerians in Diaspora to go home and invest in their country.

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