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Buhari woos French companies, says Nigeria open for investments

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Yusuf Boluwatife

President Muhammad Buhari has urged French companies to come and utilize infrastructural facilities and investment opportunities in the country.

Speaking at the Nigeria International Partnership Forum in Paris, on Wednesday, Buhari boasted that the country was a suitable environment for businesses and investment decisions to thrive.

He also stated that Nigeria was open for partnership and cooperation, adding that the administration is on the right path to achieving multi-sectoral progress.

Buhari said,“Let me finally stress that Nigeria is open for partnership and cooperation. I invite the French business community to take advantage of the vast investment opportunities in Africa’s largest economy.

“I can assure you that our administration is on the right path to achieving multi-sectoral progress. We have revitalised the economy by increasing investments in capacity building, health, infrastructure, women’s empowerment, climate change, and food security.

“Today, these actions are yielding self-employment, expanding our human resource pool and strengthening our national productivity for sustainable development.

”So far, we have made significant investments in railways, seaports, roads, renewable energy, housing, and many others attractive to prospective investors.

“In the oil and gas sector, I recently signed the Petroleum Industry Act (PIA). The legislation, which is expected to serve as a liberalizing force in the industry, introduced incentives such as tax holidays, zero-interest loans, and easy repatriation of profits.”

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