Return Of Private Companies To Nigeria Excites President Buhari
President Muhammadu Buhari is happy that the economy has remained out of a blighting recession, but particularly happy that foreign private companies were coming back to Nigeria.
He said the private companies that are running were making massive investments within the existing legal and regulatory frameworks.
Buhari expressed delight over the 'significant' growth in the non-oil sector which he believes was creating thousands of jobs across Nigeria.
At a meeting in Abuja with a Qatari business delegation led by the former Emir, Sheikh Hamad Bin Khalifa Al Thani, Buhari named some of the private investments to include the $9 billion Dangote Refinery and Petrochemical complex in Lagos and the completed $600 million Lafarge Plant in Calabar.
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Others are the proposed rail stock; the proposed $1.3 billion public private partnership with General Electric on Rail Track Development; and the proposed ENI/Agip rehabilitation of Port Harcourt Refinery.
“As you are aware, Nigeria just exited its worst recession in more than two decades. We have more than doubled our foreign reserves,” he said,
His Senior Special Assistant on Media and Publicity, Mr Garba Shehu, in a statement quoted Buhari as saying that “we are winning the war against corruption, we are developing our infrastructure, and we are enforcing the rule of law.
“As a result of this, we are seeing significant growth in the non-oil sector which is creating thousands of jobs across the country.”
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