Friday, April 1, 2011

This means Nigerians would soon smile again!


Fela Durotoye said God told him that in 2025 Nigeria would be the most desirable place to live in, and ever since, the word of God has been spoken, the atmosphere has changed, is this the beginning of the fulfilment of that prophecy?

"I appointed the best minds to manage our economy, provided unprecedented funding to Manufacturers, increased Power Generation and stabilized Banks via the Asset Management Company of Nigeria (AMCON) all of which resulted in an 8.29% GDP growth and recognition from trading partners (most notably The U.K.) that Nigeria is now the world's 4th fastest growing economy. Let us continue on this trajectory together." GEJ on FB.
The UK Government on Tuesday in London described Nigeria as the fourth fastest growing economy in the world. Mr Henry Bellingham, UK Parliamentary Under Secretary of State For Africa and Overseas Territories, said this at a two-dayinvestment forum tagged: “Making Nigeria Your Goal."

“Nigeria has averaged growth of 8.9 per cent which is really stunning. “Nigeria is the world’s fourth fastest growing economy with solid growth in the next five years and beyond ; this is truly remarkable,’’ he said. Bellingham said the Nigerian economy may outpace that of South Africa in the next 10 years if the current reform in the banking sector was extended to the power, oil and gas sectors. He commended the Lagos Government for good governance, fiscal responsibility and infrastructure development, saying the state was a model. Mr Aigboje Aig-Imoukhuede, Managing Director of Access Bank PLC, said the event was an opportunity to consolidate on the economic gains that had characterised trans-border economic relations between the two countries. Aig-Imoukhuede, whose presentation was entitled, “Nigeria: Your Market,’’ cited some sectors that had contributed to the real growth of the nation’s GDP in the last five years. These, he said, include telecommunications accounting for 7.5 per cent; construction 6.4 per cent; food and beverages 3 per cent, agriculture 31.9 per cent; cement 1.3 per cent as well as oil and gas 25 per cent. Earlier, Mr Ben Akabueze, Lagos State Commissioner for Economic Planning and Budget, highlighted some investment opportunities in the state. He cited the areas of investment to include power, water supply, real estate and road transport. Akabueze said the Lekki Free Zone (LFZ), when fully completed, would give priority to manufacturing, warehousing and provision of logistics for industries in the zone. “The LFZ is turning into a new industrial city as well as a multi-functional special economic zone of Lagos metropolis,’’ he added. The second leg of the event will continue in Manchester under the same theme. Participants at the forum were drawn from the organised private sector in Nigeria, the Nigeria High Commission and UK businesses. (NAN) Source: Vanguard Newspaper/Linda ikeji's blog

1 comment:

yomi shonde said...
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About Me

Lagos, lagos, Nigeria
i am a Nigerian,but people always think otherwise,i am friendly and very curious, i love God and want to love peolpe as He does,i guess i would get there

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