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Fashola Begs Foreigners To Invest In Nigeria

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[caption id="attachment_7731" align="alignnone" width="690"]Mr. Babatunde Fashola, SAN, Minister of Power, Works and Housing[/caption]

In a cap in hand gesture, Minister of Power, Works and Housing, Mr Babatunde Fashola SAN, has pleaded with foreign investors to come and invest Nigeria’s infrastructure.

The minister made the plea when he received the Ambassador of Italy to Nigeria, Fulvio Rustico and the Ambassador of Spain to Nigeria, Alfonso Barnuevo Sebastin de Erie in Abuja, Wednesday.

Fashola told the envoys that the Nigerian government is ready to partner with investors who show interest in the areas of infrastructural developments, “because these sectors are critical to both social and economic survival of any nation.”

According to him, Nigeria has a huge market which any serious investor would reap from, stressing there can never be a better time than now.

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He reiterated the government’s resolve to harness local raw materials as against imported ones, adding that it will not only boost the economy but it will also be an avenue to generate employment for Nigerian youths as well as encourage growth of cottage industries.

Fashola however commended Spanish companies that have already invested in power sector and implored them to intensify their efforts especially now that Nigeria hardly generate about 5,000MW for a population of about 170m, saying that government is committed to efficient power generation that will go round the clock and the option that government is considering the use of solar energy.

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Speaking earlier, the Italian Ambassador to Nigeria, Fulvio Rustico, said his visit to the minister is to leverage on the existing relationship between both countries.

Speaking also, the Spain envoy, Alfonso Sebastin, said his country is ready to strengthen the relationships that exist from time immemorial with Nigeria.