Nigeria is safe for investors –Shittu


The Minister of Communications, Mr Adebayo Shittu, on Tuesday in Abuja reiterated the present administration’s resolve to make Nigeria’s business environment safe and conducive for investors.

This is contained in a statement issued by Mr Victor Oluwadamilare, Special Assistant Media to the Minister.

Oluwadamilare said that the minister said this when the Swedish Minister of Trade and EU Affairs, Ms Ann Linde, and the Swedish Business Delegation to Nigeria on Smart Cities, Innovation and ICT visited him.

Shittu said several investors had been to the country, adding that many more were on their way to the safe business environment they enjoyed.

“Nigeria is safe for investors and return on investment (ROI) is assured and our regulatory processes are open, effective and transparent,” he said.

The minister assured the delegation that the country was ready to re-strategise on how to attract more meaningful investments into the country from Sweden leveraging on the ICT sector.

He said that Nigeria would avail itself of opportunities that abound in Sweden being a knowledgeable society, ranked as the most digitalized economy in the world.

”Your global competitiveness depends on the ability to create, develop and make practical use of new scientific discoveries.

“You have invested in knowledge and competence and have used ICT as a key developmental tool and in creating jobs for her citizens.

Shittu said that Nigerian government’s strategic focus on broadband development and e-Government master plan fitted squarely into the sustainable development goals for future growth plans.

“I am happy to learn you know that with the planned auction of the 2.6GHz spectrum and the release of auction time table, the road to broadband boom in the country is very close.

“ Government is heading for bigger and better tidings from the industry,” he said.

Shittu said that the visit was to share knowledge, build new long-term relationship and strengthen current relationship which could drive innovation and stimulate entrepreneurship.

He expressed confidence  in the Swedish-Nigeria Conference co-hosted by the Ministry and the Swedish Embassy.

Shittu  said that the conference  was  designed to further identify policy benefits, business opportunities, technology solutions, and shared best practices.

He also said that the conference would form a strategic relationship that drive Nigeria’s ICT and telecom industry in this period of economic meltdown to profitability and growth.

The minister assured the delegates that Nigeria would  collaborate with Sweden in the area of ICT “to achieve the SMART Government Initiative as enshrined in the ministry’s Communications Roadmap”.

He added that the country would welcome more cooperation with Sweden in the area of human and institutional capacity development.

The delegate include; Ms Inger Ultvedt, Swedish Ambassador to Nigeria, Ms Anna  Sundstrom, Political Adviser to the Minister for EU Affairs and Trade, and Mr Robert Keller, Head of Mission, Embassy of Sweden, Nigeria.

Other members of the Business delegation team are; Mr Ludvig Hermansson, Ms Cecilia Leideman-Back, Ms Anthonia Adenaya, Mr Robert Nyberg and Mr Mohammed Hosseiny.



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