FG’s priority is creating better environment for investments – Udoma Udoma

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The Minister of Budget and National Planning, Senator Udoma Udo Udoma, says Nigeria’s priority is to create a better environment for businesses to thrive in the country.

Udoma said this in a statement by his Special Adviser on Media, James Akpandem, on Tuesday in Abuja.

The minister said this when he received the delegation of French businessmen, accompanied by the French Ambassador to Nigeria, Denys Gauer.

A 30-man delegation, comprising investors in the oil and gas, energy, manufacturing, banking and logistics sectors, came to Nigeria to explore possible areas of investment.

Udoma said Nigeria had also focused on expanding the productive base of the economy, adding that the country was always open for business.

Udoma, however, appreciated the increasing interest in Nigeria by both domestic and foreign investors.

He assured that the government was determined to continue with the various initiatives to improve the business climate as set out in the Economic Recovery and Growth Plan.

He said as a way of monitoring the progress of the country’s reforms, government set a target of moving 20 places up in 2017 on the World Bank Ease-of-Doing-Business rankings.

He said: “We are happy to report that in the World Bank’s latest rankings, released in October 2017, the country moved up 24 places – a remarkable achievement.

“Nigeria has also been recognized as one of the 10 top reforming countries in the world.”

Udoma told his guest that a lot of opportunities existed for investment, especially in agriculture, manufacturing, oil and gas, power, rail, mining and shipping, among others.

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