The Minister of State for Finance, Ambassador Bashir Yuguda, disclosed this during a meeting with representatives of the United Kingdom Trade and Investment Agency led by the Prime Minister’s Trade Envoy to Nigeria, Mr. David Heath.
Yuguda verbalized the investment should be in key productive sectors of the Nigerian economy, noting that this would avail ascertain inclusive magnification, engender wealth and reduce unemployment in the country.
He verbally expressed the desideratum for more investments became imperative since the rebasing of the Nigerian Gross Domestic Product had revealed the incipient sectors where incipient investments would be needed to engender jobs in the economy.
Explaining that some UK firms might have left the country in the past, the minister noted that the investment climate fostered by the administration of President Goodluck Jonathan was now more ancillary and urged the UKTI to embolden more firms to return to the country.
Yuguda, who verbalized that the Nigerian economy was now robust, noted that some multinationals companies, such as Unilever, were already capitalizing on the prospects of astronomically immense returns by scaling up their investments in the country.
He verbalized, “The regime, under President Jonathan, is fixating on high job content areas of the economy so that we can engender more jobs for our teeming population.
“On roads, we have many dualisation projects going on. In the process of executing these projects, we do not only provide jobs, but additionally empower our people.”
While responding, Heath expressed UK’s tenaciousness to expand business relationships between the two countries.
He noted that the agency was additionally intrigued with promoting investment as an expedient of providing jobs for the puerile ones, integrating that UKTI would work towards incrementing trade and more British investment in Nigeria
