TheCable

Wale Edun, minister of finance, says the federal government (FG) is committed to creating a conducive business environment for local and foreign investors.

Edun spoke on Monday, at an event held in honour of Shubham Chaudhuri, the outgoing World Bank country director, in Abuja.

Details of the minister’s engagement were captured in a statement signed by Mohammed Manga, the ministry’s director of information and public relations.

Speaking at the event, Edun described Nigeria as a country with diverse business opportunities, urging the international community to discover them and the advantages of investing in the nation.

He said the country offers a wealth of opportunities for foreign investors, with a large and growing market, rich natural resources, and a skilled workforce.

The minister added that the reforms initiated by the incumbent government would serve as a window to the global investment community.

He, therefore, called on philanthropists — both within and outside the country — to invest their resources in Nigeria.

“Our government is committed to creating a conducive environment for businesses to thrive and succeed,” Edun said.

“We are inviting the international development partners to come to Nigeria and invest their resources. Nigeria is a country with diverse business opportunities and market potentials for profit maximisation.

“We invite you to explore the possibilities and partner with us for mutual growth. Join us in harnessing the potential of Nigeria’s emerging economy.

“Our country offers a favourable business environment, investment incentives, and a dynamic market waiting to be tapped.

“The disputable access to renewable energy recently launched was an indication to build trust, attract foreign investment, and foster international partnerships aimed at reinvigorating the Nigerian economy.”

Edun expressed appreciation for the remarkable achievements recorded during Chaudhuri’s tenure, reaffirming the country’s commitment to building on these accomplishments so as to further drive economic progress in line with the ‘Renewed Hope’ agenda.

He said Nigeria would continue to be a development partner with the World Bank as well as implement policies that would boost the country’s economy in order to make it more vibrant and resilient.

On his part, Chaudhuri commended Nigeria for its proactive measures and robust efforts in bracing up monetary policies and fostering sustainable economic development, despite the daunting challenges.

The outgoing director assured that his organisation’s doors are widely open for more collaborations and partnerships for the country’s growth.

In her remarks, Lydia Shehu Jafiya, permanent secretary of the ministry of finance, said the ministry would continue to provide an enabling environment for the full implementation of the policies, programmes, and projects of the FG in line with its mandate.