Tony Elumelu, Chairman of Heirs Holdings, has emphasised the importance of improving access to electricity, security, and ease of doing business in attracting investments to Nigeria.
Speaking at the Taraba International Investment Summit in Jalingo, Elumelu stated, “Improving access to electricity is so critical in attracting and supporting investments in the country.
”Improving the security also helps, and most importantly ease of doing business.”
Elumelu highlighted the benefits of investment, including job creation and youth empowerment.
“Employment is one of the surest ways of empowering the young people, it is a betrayal of a generation for people to leave school without being able to find jobs.”
Elumelu commended President Bola Tinubu’s administration for achieving currency stability, but urged further efforts to reduce the exchange rate.
“I commended the Federal Government of President Bola Tinubu that we have stability now, not that the rate is not high but stability.
”And investors like when there is stability so they can plan ahead. I want to see us do well and further bring the currency down, ” he added.
Also, Aliko Dangote, President of the Dangote Group, emphasised the importance of patronizing local investors for economic development.
He said, “no foreign investors would come into a country where local businesses are not thriving.”
He encouraged governments to support domestic investors, who would in turn attract foreign investment
The Taraba International Investment Summit brought together investors from across Nigeria and beyond, with Vice President Kashim Shettima representing President Tinubu.
