Post by dansoye1 on Dec 8, 2015 11:11:26 GMT
Nigerian Investment Climate Worries Foreign Investors – EU
Posted date : December 8, 2015
The Ambassador and Head of the European Union Delegation to Nigeria, Mr. Michel Arrion, has said that many investors from Europe are currently worried about Nigeria’s investment climate.
A statement from the commission on Monday in Abuja said that Arrion stated this during a meeting with the Executive Secretary, Nigerian Investment Promotion Commission, Mrs. Uju Baba.
It added that Arrion explained that while majority of European investors were willing to invest in Nigeria, they were, however, worried about the protection of their investments.
According to the statement signed by the Assistant Director/Head, Media and Protocol, NIPC, Mr. Joel Attah, there is a need for collaboration between the commission and the EU to protect foreign investments.
“The Ambassador and leader of the EU delegation to Nigeria, Mr. Michel Arrion, stated that Nigeria has the highest EU diplomatic presence in Africa with 20 embassies and high commissions and 10 diplomatic offices, adding that Nigeria is a strategic partner for the EU in political, economic and investment levels.
“He stated that he was at the NIPC to discuss ways to attract European investors to Nigeria and expressed the need for collaboration with the commission so as to protect and guarantee investments from the European nations to the country,” the statement said.
Nigeria’s Punch newspaper reported that Baba had earlier in her address called on investors from European countries to consider the NIPC as the first port of call when investing in Nigeria.
She maintained that the commission was the only agency of government that was charged with the responsibility of promoting and attracting investment into the economy, and also had the legal framework on all investment related matters.
en.starafrica.com/news/nigerian-investment-climate-worries-foreign-investors-eu.html
Posted date : December 8, 2015
The Ambassador and Head of the European Union Delegation to Nigeria, Mr. Michel Arrion, has said that many investors from Europe are currently worried about Nigeria’s investment climate.
A statement from the commission on Monday in Abuja said that Arrion stated this during a meeting with the Executive Secretary, Nigerian Investment Promotion Commission, Mrs. Uju Baba.
It added that Arrion explained that while majority of European investors were willing to invest in Nigeria, they were, however, worried about the protection of their investments.
According to the statement signed by the Assistant Director/Head, Media and Protocol, NIPC, Mr. Joel Attah, there is a need for collaboration between the commission and the EU to protect foreign investments.
“The Ambassador and leader of the EU delegation to Nigeria, Mr. Michel Arrion, stated that Nigeria has the highest EU diplomatic presence in Africa with 20 embassies and high commissions and 10 diplomatic offices, adding that Nigeria is a strategic partner for the EU in political, economic and investment levels.
“He stated that he was at the NIPC to discuss ways to attract European investors to Nigeria and expressed the need for collaboration with the commission so as to protect and guarantee investments from the European nations to the country,” the statement said.
Nigeria’s Punch newspaper reported that Baba had earlier in her address called on investors from European countries to consider the NIPC as the first port of call when investing in Nigeria.
She maintained that the commission was the only agency of government that was charged with the responsibility of promoting and attracting investment into the economy, and also had the legal framework on all investment related matters.
en.starafrica.com/news/nigerian-investment-climate-worries-foreign-investors-eu.html