Unachukwu who identified, (a) size of the market, (b) incentives, (c)
operating conditions - (security) (d) privatization (e) labour cost and
production as four key parameters that determines index for investments
affirmed that Nigeria is now the toast of the world as she possesses
all the index for investment except with the issue of insecurity in a
very minute part of the country the only other.
He said
insecurity in the north-east cannot be the singular basis for assessing
or judging the state of the Nigeria economy, noting that other indices
have been adequately put in place to ensure that Nigeria continues to be
an investors’ haven.
Further speaking the PHCCIMA helmsman said
with a huge market, a growing middle class coupled with a robust and
generous incentives by government to attract foreign investment,
including the presence of one of the cheapest labour force, manpower
with concerted effort at privatization among others Nigeria is in the
front seat of investor friendly countries and has unlocked keys to
transforming the Nigeria economy.
Unachukwu noted that some
significant economic achievements of President Goodluck Jonathan
administration cannot be overtly overlooked while attention is focused
on insecurity and Boko Haram insurgency as if nothing good has happened
to Nigeria in recent times. The rehabilitation of the railway sub-sector
which was abandoned over 20 years ago; the unbundling of the Power
Holding Company of Nigeria (PHCN), the dredging of the Lower Niger and
reviving of inland water transport; the construction and rehabilitation
of road network; establishment of federal universities in all the states
of the federation are important milestones in President Goodluck
administration.
“Nigeria is a land of great economic potential;
the people are resilient and hard working. Government is well-focused
and cannot be distracted by the spate of insecurity which President
Jonathan has assured is being addressed and will, ultimately, be phased
out” he was quoted as saying.
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