The Federal Govern
ment has assured its preparedness to support States in Nigeria that are working hard to attract investors to their areas.
Minister of Industry, Trade and Investment, Dr Olusegun Aganga who gave this indication at an investment forum in Abuja, recently, said Nigeria was one of the few countries in the world that allow transfers of profit made in the country to companies home land.
Aganga also commended the move by 19 Northern States to stimulate economic growth in the area.
He urged the Northern States to key into those incentives to attract investors, saying “the numerous available incentives were essentially introduced to encourage industrialisation of the country.
He said, “the government was aware of the need to create growth that would impact on the standards of living of its people. We are therefore, committed to encourage all legitimate enterprises that could reposition the country to be able to cater for its huge population.”
Aganga particularly commended the northern governors for organising such a sensitisation summit, but urged them to continue to enter into partnership that would boost economic development in the area.
The northern states governors had recently organised an investors forum which was designed to showcase the economic potential of the northern states.
Though the economic potential of the area was known, especially in the area of agriculture, it appeared to be overshadowed by the current high rate of insurgency, especially in the North-East.