The Federal Government has directed the Ministry of Trade and Investment to raise the ease of doing business to attract more foreign investors to the country.
This was disclosed by Vice President Yemi Osinbajo when he received a United Kingdom Trade Mission led by Nigerian member of the House of Commons, Kate Osamor, at the State House.
He said the Buhari administration is eager to remove other obstacles militating against investments.
Vice President Yemi Osinbajo
He said the administration was looking forward to encouraging UK businesses, especially those willing to work with the administration in providing road, rail, agriculture and power infrastructure in Nigeria.
The vice president said the federal government was prepared to develop the agriculture value chain for economic prosperity and job creation.
On power supply, he assured that the government plans to have an energy-mix that would increase power supply nationwide to enable those living in rural areas.
He disclosed that the administration had removed the obstacles hindering the development of the Azura power project in Edo which would add 450 megawatts to the National Grid.
Osamor, who represents Edmonton, London, told journalists that the mission was in the country to discuss with trade companies that were willing to work with Nigeria.
British MP Kate Osamor
She said that the Vice President had provided the mission with an overview of the direction of the government in education, transportation, rail and power supply.
“He spoke about five or six aims; he wants to work on construction, building on the roads, rails, education and the delegation wants to work closely with the organisations that are here,’’ she said.
Osamor said that she is particularly interested in raising the level of education of the public, adding that those in the diaspora would build schools and improve the quality of teachers to wipe out illiteracy.
Mr Emmanuel Obasi, Director and Board member of Africa House in London, said the group was keen on promoting the trade and investment relationship between UK and sub-Sahara Africa.
He said the mission was satisfied with the anti-corruption fight of the administration which and that the mission would assist in technical training and technology transfer needed in the country.
“We have that in stock and we hope Nigeria will take advantage of that because a lot of African countries need that technology,” he said.
“Here we are in Nigeria and we hope that the people will take it now.”
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