FG Says Nigeria Safe For Investment

Nigeria Is Safe For Investment – FG - The Heritage Times

Moses Ofodeme

The Minister of Information and Culture, Alhaji Lai Mohammed, has said

Nigeria is safe for investment in spite of the demarketing campaign

being waged against the country by the political opposition.

The Minister made the remarks at an Investors’ Fair, tagged “Africa

Walk”, organized by the UNICORN Group in its Lagos Campus on Friday.

He said the fake narrative being promoted by the de-marketers was that

Nigeria is a war zone or that there is religious persecution in the

country.

Alhaji Mohammed said the Buhari Administration came into office in

2015 with the promise to revamp the economy, fight insecurity and curb

corruption and that the administration has acquainted itself

creditably on the three pillars.

“We were elected on the three pillars of the economy, security, and

anti-corruption. In these three areas, I can confirm that we have not

left any stone unturned to turn things around despite the numerous

challenges,” he said.

While speaking on security, the Minister said Boko Haram, which was

controlling a large swath of territory in the North East prior to the

advent of the present Administration, has been severely degraded and

that ISWAP leadership has been eliminated.

He said 51,000 insurgents surrendered in the first three months of

this year alone, while the Government is now focusing on

rehabilitation and rebuilding communities destroyed by the insurgents.

The Minister said in order to address the intractable farmer-herder

clashes, the present administration is the first to bring a feasible

solution to the conflict through the National Livestock Transformation

Plan, which puts ranching at its core.

He therefore called on some state governments that are yet to key into

the plan to have a rethink and embrace it in order to put a halt to

the protracted farmer-herder clashes.

“We are also tackling banditry with the same vigour with which we have

taken on Boko Haram and ISWAP, and it is a matter of time for bandits

to be decimated too,” Alhaji Mohammed said.

On the economy, he said the administration has re-geared the economy

to stimulate domestic production and make the nation less vulnerable

to external shocks.

He however said adverse global headwinds, such as the crash in oil

prices, COVID-19 pandemic and the ongoing war in Ukraine, have had

adverse effects on the economy.

In the area of fighting corruption, the Minister reeled out monetary

recoveries from January to December 2021 as N152 billion; USD386

million; 1.1 million Pounds; 157,000 Euros; about 1.7 Saudi Riyals and

some more in Digital and other currencies.

He said the funds so far recovered have gone into the provision of

infrastructure across the country.

“It is disappointing that some of our recovered funds are still being

blocked. Western governments should be helping us recover our money,

not blocking it. Past funds have been returned, and then gone towards

infrastructure. Governments proclaim they want to return, but then tie

it up in endless bureaucracy for reasons best known to them,” he said.

The Chairman of the UNICORN Group, Dr. Akintoye Akindele, who

conducted the Minister round the startup incubation hubs on the

UNICORN Campus, used the occasion to unveil one of the largest

companies in the world, Nvidia, which is into robotics, Artificial

Intelligence, Agric, Media, gaming, entertainment, education and

translation, among others.

Dr. Akindele said he is encouraging and supporting startups to go

beyond profit maximization to contribution to nation-building.

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