Friday, August 2, 2019
Advertisement

‘Come to Nigeria and prosper’ — Buhari woos UAE investors

‘Come to Nigeria and prosper’ — Buhari woos UAE investors
April 08
20:02 2019
Advertisement

President Muhammadu Buhari has urged investors in the United Arab Emirates (UAE) to invest in Nigeria.

The president spoke on Monday while meeting groups of investors on the sidelines of the annual investment meeting in Dubai.

According to Femi Adesina, spokesman of the president, Buhari assured the investors of handsome returns within a short time.

“Come to Nigeria and prosper. Come and have handsome returns on your investments, within the shortest possible time,” Buhari was quoted to have said.

Adesina said Ahmed Al Maktoum, who is a member of the Dubai ruling family and private investor, both state owned and private, had told Buhari that he was interested in establishing a power plant in Lagos, while studies had already been completed.

The presidential aide said that Yusuff Alli, chairman of Lulu Group, which operates a chain of supermarkets in the Middle East and Asia, also told the president that the outfit, with headquarters in Abu Dhabi, has over 164 supermarkets and shopping malls.

According to Alli, the group employs over 50,000 people, saying the company’s interest is to work with Nigerian farmers using local produce to ensure food security.

“Quality, affordability and hygiene are the watchwords of the company,” Alli told Buhari.

Adesina also said that the president held bilateral meeting with Hussain Al Nowais, chairman of Amea Power.

According to him, the company develops, owns, and operates thermal and renewable energy projects in Africa, the Middle East and Asia.

“Its wide range of power solutions include conventional – gas, coal, oil, and renewable – solar, wind and hydro,” Adesina said.

“Apart from power, the company, which owns Rotana Hotel chain, is also interested in the hospitality sector in Nigeria.”

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2019 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement
Advertisement

Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement