International investors assured of conducive business climate

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Chief Olusegun Aganga

The Minister of Industry, Trade and Investment, Chief Olusegun Aganga on Thursday  assured international investors that the Federal Government would continue to provide conducive environment for investment in Nigeria.
Aganga gave the assurance in Abuja when he inaugurated the office complex of One Stop Investment Centre (OSIC), a department of the Nigerian Investment Promotion Commission (NIPC).
Aganga said that with the introduction of the One Stop Investment initiative, the challenges of investing in the Nigerian economy had been reduced.
He called on the international business community to take advantage of the initiative to explore the rich Nigerian investment climate.
He said that the initiative had succeeded in fast tracking processes and procedures of business incorporation and registration.
Aganga also said that OSIC had reduced the ambiguity, bureaucracy and unnecessary delays in documentation processes for businesses.
The minister said that OSIC had inculcated the culture of transparency in government agencies in dealing with investors in other parastatal agencies.
He said that through such initiatives as OSIC Nigeria had made tremendous progress in its economic reforms.
He, therefore, called on World Bank and other international economic ranking organisations to reflect these reforms and appropriately rank Nigerian in their index.
“I urge the World Bank and other international rating bodies to look at the many wonderful initiatives such as the building of  OSIC and rank Nigeria appropriately in their ranking competition,?? he said.
Earlier, Mustafa Bello, the Executive Secretary of NIPC expressed delight that in spite of challenges, the building was completed.
He said that one of the changes was logistics related to the release of budgetary allocations for the centre.

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