State of Nigeria’s Economy Requires Massive Local, Foreign Investments- UNIDO

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(Last Updated On: 2016-11-11)

Sherifah Oyediran

UNIDO has said that state of Nigerian economy requires msassive injection of local and foreign investments to boost the level of economic activities in the country.

The Agency’s representative Dr. Reuben Bamidele gave the hunt in a goodwill message at the 2016 International Investment Conference as part of the ongoing 30th edition of the Lagos International Trade Fair.

According to him,  there is need for the Federal Government to rejig existing businesses, while advocating further investments to develop new enterprises.

He said the business of local and foreign investment mobilisation need to be pursued with vigour.

Chairman, Trade Promotion Board of Lagos Chamber of Commerce and Industry, (LCCI), Mr. Sola Oyetayo,explained that the 2016 Investment Conference, the second in the series, was  aimed at drawing attention to the need for repositioning the economy towards the diversification agenda of the federal government.
Oyetayo noted that this year’s edition of the Fair had attracted local and international companies from China, Egypt, Japan, Ghana, Kenya and Cameroon.

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