Skip to main content

PMB In Paris : We Will Curb Corruption For Investment To Nourish


President Muhammadu Buhari said Tuesday in Paris that one of the key objectives of his administration's ongoing economic reforms was to restore the confidence of investors in the Nigerian economy.

Addressing leading French businessmen and investors at the headquarters of the Movement of the Enterprises of France (MEDEF), President Buhari also reaffirmed his government's determination to curb corruption in Nigeria.

"Our ongoing economic reforms are designed to restore business confidence and block leakages and wastage of public resources. We are also focused on the recovery of stolen wealth belonging to the country," the President told participants in a Nigeria/France Investment Forum.
President Buhari said that his administration will do all within its powers to sustain Nigeria's position as the number one investment destination in Africa.

"With a blessed land, rich in agricultural and mineral resources, skilled and low-cost labour, large market, a robust and competitive private sector anchored on investment policies and legislation to guarantee predictability and consistency with global business practices, we are poised for double digit growth.

"There is much more to our country than oil and we are determined to consolidate on industrializing Nigeria and diversifying its economy.

"The privatisation of key sectors of our economy, which was started under previous administrations, will be pursued and expanded to include other sectors. This exercise will be conducted in an open, transparent and competitive manner.

"We recognize the private sector as the engine of growth and a veritable partner in our economic agenda, and will therefore give the fullest possible support to foreign and domestic entrepreneurs.
"Our administration is poised to redress the serious infrastructural gaps in Nigeria, raise production to create more jobs, build capital and stimulate further growth and prosperity of the country," President Buhari told the entrepreneurs.

Pierre Gattaz, the President of MEDEF, announced that the umbrella organization of about 800,000 French manufacturing firms and businesses will undertake a trade mission to Nigeria next month.
Mr. Gattaz said that the MEDEF trade delegation will comprise of prospective investors in agriculture, mining, automobiles, energy, skills development, light manufacturing, food processing, transportation services and many other areas.

Labels:

Comments

Post a Comment

Popular posts from this blog

State House of Assembly collected bribes from commissioner nominees

An N2.4 million bribery scam is rocking the Delta State House of Assembly. SaharaReporters learned that the Speaker, Monday Igbuya, and other members of the State House of Assembly allegedly collected N200,000 bribes from the twelve commissioner nominees forwarded by Governor Ifeanyi Okowa for “screening.” Confiding in a SaharaReporters correspondent, a senior management staff person of the State’s House of Assembly who did not want to be named disclosed that one of the commissioner nominees told him in confidence how the twelve nominees’ arms were twisted to pay N200,000 each. The ultimatum was that without the N200,000 none of them would be cleared by the lawmakers. However, the source said, “If you were around during their screening on the floor of the House, you would have noticed that all the nominees were only told to take a bow” and to go. An aide to one of the commissioners who pleaded anonymity confided in SaharaReporters that the money was definitively give...
Post a Comment
Read more

EFCC Arrested NAFDAC DG

Two weeks after whistleblowers at the National Agency for Food and Drug Administration and Control (NAFDAC) wrote a powerful petition to President Muhammadu Buhari alleging monumental fraud and waste of funds by its Director-General, Dr. Paul B. Orhii, the Economic and Financial Crimes Commission (EFCC) on Monday swung into action. Dr. Orhii was grilled for several hours on issues relating to fraud and misappropriation of funds worth billions of naira, a source told SaharaReporters. The petitioners had accused the Director-General of awarding frivolous contracts and supplies; manipulating NAFDAC publicity and donations; international air travel racketeering; and compulsory recertification by bottle and sachet water producers.  The complaint listed 14 companies that are being used in the money games at NAFDAC. An EFCC source said Orhii was granted “administrative bail”...
Post a Comment
Read more

BUHARI: TURNING APPOINTMENTS INTO DISAPPOINTMENTS

   By Jaafar Jaafar Ponder over this Hausa proverb: “sawun keke ba’a gane gabanka”, which roughly translates to “a bicycle’s contact patch does not tell where it comes from or where it heads to”, and see how it aptly describes Nigeria’s president, Muhammadu Buhari. Bearing in mind the current realities in our polity, how would you, in your wildest dream, think the Secretary to the Government of the Federation will come from the North? The very North that has a President, a Senate President, a Speaker, a Head of Service, a Chief of Staff, a Chief Justice, and what not? While Mr. President is likened to the proverbial “sawun keke”, the pigmentation of his appointments may be likened to “birgimar hankaka”, literally meaning the wallow of a pied crow. When a pied crow wallows, the Hausa say, you will see both the white patch on its gullet and the black plumage that covers most of the bird’s body. In the appointment of the GMD of NNPC, President Buhari showed Nigeria...
1 comment
Read more