Billionaire and Chairman of Dangote Industries, Alhaji Aliko Dangote, has described Nigeria as the world’s best in kept secret in terms of investments and returns.
Dangote in Saudi Arabia at an ongoing summit, said Nigeria, under the leadership of President Bola Tinubu, will be unearthed to the world as a foremost global investment haven.
“What I always say about Nigeria is that it is the world’s best kept secret in terms of investments and returns. We are also looking to ensure that our investments are a two-way process. Nigerian companies have a lot of value to add to the Saudi economy, and we look forward to working together in expanding our Nigerian operations as well.”
“The soon coming launch of the Nigeria-Saudi Business Council will be a huge opportunity for both countries to expand on what has been established here,” he said.
Saudi Arabia’s Commerce Minister, Majid bin Abdullah Al Qasabi, in his response enumerated how Saudi Arabia can further contribute to the soft infrastructural reforms needed to unlock game-changing quantum of foreign direct investment in Nigeria.
In his words:
“We have signed an agreement with the World Economic Forum on the reform of the services sector in Africa. In developed economies, the services sector contributes enormously to GDP. But in the developing world, we tend to focus on goods.”
“So, we would like to make Nigeria the pilot country in this agreement with WEF to study Nigeria’s service challenges to make it seamless and make the supply chains across sectors streamlined and raised to international standard to enhance Nigeria’s economic and investment viability over the long-term,” he stated.
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