NAN-HE-27
Business
By Cecilia Ologunagba
Abuja, Sept. 21, 2016 (NAN) Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Wednesday assured foreign investors of a business-friendly environment in Nigeria.
This is contained in a statement signed by the Assistant Director, Press, in the ministry, Salisu Haiba, and made available to newsmen in Abuja.
Udoma gave the assurance when he received the Japanese Ambassador to Nigeria, Mr Sadanobu Jusaoke, on a courtesy visit.
He said that the government had put in some measures and investment to improve ease of doing business in the country.
The minister called on the Japanese Government to collaborate with the Federal Government in the development of its refineries, power, railways and expansion of export processing zones.
He said that the government would do everything within its power to ensure the safety of investors as security issues were being addressed.
Earlier, Jusaoke had expressed the willingness of Japanese Government to increase its business stakes in Nigeria.
He urged the government to show total commitment by providing enabling environment for such business transactions.
The envoy emphasised the need for the development of infrastructure such as power, roads, railways and communication.
Jusaoke also urged the government to improve on those areas that would improve conditions of doing business in the country.
He identified those areas as stabilising the exchange rate, transparency in taxation, improved customs transaction and issues on export promotion as well as good government policies. (NAN)
CIA/MO/OPI
Edited by Morayo Omolade and Controlled by Olisa Ifeajika