President Jonathan
has said that the Federal Government is working on a national industrial
revolution plan to further encourage investors and local production.
President Jonathan was speaking to a delegation of Nissan South
Africa in Cape Town, South Africa, yesterday, in the course of his
state visit to South Africa during which nine agreements covering
different areas of economic and technical cooperation between both
countries were signed.
“Nigeria is working on a new industrial revolution plan that
will further promote investments in every sector of the Nigerian
economy, and strengthen areas in which the country has comparative
advantage,” the President said, adding that the aim is “to create a
win-win situation for both investors and the Nigerian people”.
President Jonathan said that the Federal Government is
committed to stimulating local production in various sectors in the
overall interest of Nigerians, especially in the automobile sector.
Earlier, the Managing director of Nissan South Africa and
leader of the delegation, Mr. Mike Whitfield, said the Nissan Group is
interested in investing in the automobile sector in Nigeria in
collaboration with their business partners, and called for an industrial
framework and the right policy environment to encourage investment
flows.
At another audience, President Jonathan commended the MTN Group for investing in the telecommunications sector in Nigeria.
The President stated that government will continue to provide
the necessary infrastructure to ensure a conducive environment for
investments in the sector to thrive.
The Chairman, MTN Group, Mr. Cyril Ramaphosa thanked President
Jonathan for the enabling environment for business in Nigeria, and
pledged that MTN will continue to be a good corporate citizen.
President Jonathan, who is also participating in the World
Economic Forum in Cape Town, had also co-chaired a meeting of the
Nigeria/South Africa Business Forum with President Jacob Zuma, where
far-reaching agreements were reached about economic cooperation and
definite steps to be taken to facilitate investments in both countries.
REUBEN ABATI
Special Adviser to the President
Media and Publicity
May 9, 2013
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