Business Man Calls On Nigeria To Create Enabling Environment For Investors

Date:

Made in Nigeria Flag

By Peter Usman

Abuja (Nigeria) — Chairman of Paradise Production Limited, Ambassador Israel Chukwuma Edward, has called on Nigeria to create the enabling environment that would woo investors into the country. This according to him will also encourage small and medium scale industries to strive towards boosting the economy of Nigeria.

Mr. Edward made the call at the 7th Nigeria International Trade Fair in Abuja, the national’s capital, with a theme: “Promoting made in Nigeria goods and others.

He noted that what develop the economy of any country is not government, but Small and Medium Scale industries coupled with foreign investors that come to invest in that country.

READ ALSO: Secret Of Nigeria’s Development Hinges On Empowerment Of Women – Female Politicians

“If government can create enabling environment, foreign investors, business men and tourists will come in to invest and also buy our goods and services, thereby bringing in foreign exchange into the country. With these two entities – local entrepreneurs and foreign investors, there will be abundant food, services and money in the country.

“And for these local and foreign investments to strive in any economy depend on government policies. If there is harsh economic policy, it drives away entrepreneurs from the economy. For example, if there are no infrastructures, investment will go into extinction,” he said.

As a way of making it easy for people to go into business and as well establish industries in the country, Edward advised that interest rate charged for lending money should be pegged between zero to five {0 -5%} percent, stressing that if lending policy is high and the requirements are too hard, they will be discouraged.

“This will lead to downsizing and retrenchment of workers from various establishments, both in private and public sectors. Entrepreneurs should be evolve stringent measures to dissuade importers from importing these things which are produced locally.

“These large influxes of foreign materials push out locally produced materials out of market, because they are cheap and are as well competing with our own products” he said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

You May Have Missed
Related

Nigeria: Women’s Group Seeks 0.5% Tax to Fund SGBV Prevention

 By Justina Auta The Executive Director of Women Advocates Research...

Port Harcourt Refinery: Why Deceiving  Us Over Your Failures , Nigerians To NNPC.

The fanfare that greeted the resumption of activities at...

At last, NNPC Ltd Delivers Port Harcourt Refinery…As Plant Begins Truck-out of Products

At last, the Nigerian National Petroleum Company (NNPC) Ltd....

Nigeria: Zango Kataf Chairman Fully Assumes Duty, Tasks CDAs to Revive SOKAPU

The Chairman, Zango Kataf Local Government Area of Kaduna...
Enable Notifications OK No thanks