Osinbajo says Nigeria is open for business

Acting President Yemi Osinbajo has assured local and international investors that the country was open for business. The Acting President stated this yesterday when he presided over a meeting of the Nigerian Initiative for Economic Development, (NEID) at the presidential villa, Abuja.

The group is based in the United States of America. Osinbajo, who noted that the Federal Government was opening up itself for free enterprise, urged investors to leverage on the opportunities being created in the country to establish their businesses in Nigeria.

The acting president said the Nigerian government was working to ensure that the investment climate was profitable to entrepreneurs.

Osinbajo said there were huge private sector investments in Nigeria that belie the country’s N7trillion budget for this year, indicating the prominent role the private sector could play in driving economic growth. He said: “For example, the largest single line refinery in the world is a private sector investment and it’s going to be doing 650,000 barrels of oil every day.

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