Prospective investors have being called upon to tap into the opportunity presented by the Nigerian Economic Recovery and Growth Plan to invest in critical areas of the nation’s economy as it possesses a high return on investments.
The Chief Executive Officer of the New Partnership for Africa's Development (NEPAD) Nigeria, Princess Gloria Akobundu, who spoke at a 2-day conference held in Johannesburg, South Africa, tagged Infrastructure Africa Business Forum, said with over 35% return on investment, the 4th across the globe, and a population of over 192 Million people, according to United Nations’ statistics, Nigeria remains Africa’s topmost investment haven for every investor who seeks to maximize profit in an environment that has been made conducive to business success.
“The current focus of the Nigerian Government presents genuine opportunities for the country to become one of the greatest economies of the world and we invite you to be part of our success story. I know that some of the most successful entrepreneurs in the world are not the best coders or sales people, rather, they are just ordinary people who are really good at seizing great opportunities such as Nigeria presents today,” she explained.
In a keynote address, South Africa’ Minister, Department of Trade and Investment, Rob Davies, highlighted that the development of infrastructures is an essential catalyst for regional integration, increased inter-regional trade for industrialization in Africa.
He stressed that infrastructure development lies in the heart of Africa’s efforts to promote high levels of inclusive growth and development throughout the continent.
Mr. Davies also stated that there was a huge deficit in infrastructure that was necessary to support high levels of inter-regional trade which connects African countries to one another.
He said, “As a continent, Africa has an infrastructure deficit estimated at $93 Billion Per Annum for the next 20 years. Africa needs to even begin to compete with other parts of the world.”
He therefore encouraged the continent to launch a number of initiatives, to address the energy challenge in most African countries.