Nigeria’s foreign policy focus is on how to attract
greater foreign direct investment to accelerate domestic growth and
create jobs President Goodluck Jonathan has said.
He spoke Wednesday in New York at a dinner organised in his honour by the Corporate Council on Africa.
The President is attending the 67th United Nations General Assembly Session.
Jonathan, according to a statement by his spokesman Dr. Reuben Abati,
said his administration is wholly committed to promoting the
development of a knowledge-economy that will enhance the security of
lives and property, thereby accelerating growth to provide more
employment and reduce youth restiveness.
The President told the gathering of leading American businessmen and
investors that attracting foreign investment to support the realisation
of the Federal Government’s Agenda for National Transformation is the
topmost priority of Nigeria’s diplomacy abroad.
“Let me restate here that Nigeria’s foreign policy is now anchored on
the realisation of this Transformation Agenda through the attraction of
Foreign Direct Investment. Under the new policy thrust, our Diplomatic
Missions abroad have been directed to focus more on attracting
investment to support the domestic programmes of government with a view
to achieving not only our Vision 20: 2020, but to bequeathing an
enduring legacy of economic prosperity,” he said.
President Jonathan assured guests at the dinner that adequate safety
nets has been established to protect all foreign investors in Nigeria.
Such measures, he said, included the establishment and strengthening of
the Infrastructure Concession and Regulatory Commission and the Bureau
of Public Procurement.
The President said his Administration is dealing decisively with
Nigeria’s security challenges. “We have some security challenges now,
but let me assure you that the Nigerian Government is on top of it. We
are dealing with the issue decisively; it will soon be a thing of the
past.
“Opportunities abound for would-be investors with capital and
technical know-how in key areas of Nigeria’s economy with a high rate of
return on investment. I invite our friends in the United States to take
advantage of existing incentives and invest more in Nigeria. I am
confident that by the year 2015, Nigeria would have witnessed
transformation in all sectors to the benefit of not only its citizens,
but also those who have an interest in Nigeria,” President Jonathan
concluded.
Welcoming President Jonathan to the dinner earlier, the United States
Assistant Secretary of State, Ambassador Johnnie Carson, pledged that
the Obama Administration will continue to support Nigeria’s efforts to
attract greater foreign investment.
Noting that Nigeria is already a very important destination for
American companies and the second highest recipient of American direct
private sector investment in Africa, Mr. Carson said he is optimistic
that Nigeria could become a great economic success over the next
decade.
The Assistant Secretary of State announced that the US-Nigeria
Bi-National Commission, which has been established as a primary platform
for the promotion of trade and economic cooperation between the two
countries, will meet again in Nigeria next month.
President Jonathan’s other engagements in New York on Wednesday
included meetings with President Sauli Ministo of Finland and the
President of the Swiss Confederation, Mrs. Eveline Widmer-Schlumpf.
The President also met with President Francois Hollande of France,
the Emir of Qatar and President Jacob Zuma of South Africa. He also
received representatives of the over 200 Nigerians who work for the
United Nations and its agencies.
President Jonathan and Prime-Minister Jens Stoltenberg of Norway with
whom he serves as Co-Chairperson of the United Nations Commission on
Life-Saving Commodities for Women and Children also participated at an
event to promote its work. Guests at the event included former U.S.
President Bill Clinton.