Nigeria scouts for investors to key into privatisation, commercialisation scheme

Vice President Yemi Osinbajo has reported that Nigeria is looking for the right type of investors in its privatization and commercialization efforts.
“Looking out for the right models, the right type of investors and also looking at funding for these investors over an extended period of time,” Osinbajo said.
Osinbajo also restated the Nigeria’s strong commitment towards infrastructural and national economic development, and urges local investors and the international investment community to take advantage of the many opportunities offered by the Nigerian economy,
Some of these areas include the country’s tax credit initiatives to promote infrastructural development, as well as the ongoing reforms in the telecommunications, port, and power sectors.
The Vice President who is also the Chairman of the National Council on Privatization stated this on Tuesday at the one-day investors’ webinar organized by the Bureau of Public Enterprises (BPE) in collaboration with the Nigerian Exchange Group and Nigerian Investment Promotion Commission (NIPC), with the theme: Showcasing Investment Opportunities in the Federal Government of Nigeria’s Privatization and Economic Reform Programme.
Delivering the keynote address and declaring the Webinar open, the VP who noted that the webinar was an important platform to draw attention to investment opportunities for Nigeria’s local and foreign friends and collaborators, added that the Buhari administration places a premium on mobilizing private capital and participation for improving efficiency and driving economic growth.


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