– Buhari woos investors for Nigeria
– Investors express interests in many sectors in Nigeria.
President Muhammadu Buhari has urged some groups of investors at the sidelines of the Annual Investment Meeting in Dubai, United Arab Emirates to come to invest in Nigeria.
Femi Adesina, the Special Adviser on Media and publicity, in a statement said the president in a message for them to come to Nigeria, prosper, and have handsome returns on their investments, within the shortest possible time.
Sheikh Ahmed Al Maktoum, a private investor and member of several boards of companies, both state-owned and private is a member of the Dubai ruling family.
He is interested in establishing a power plant in Lagos, and studies have already been completed.
Lulu Group operates a chain of supermarkets in the Middle East and Asia.
Speaking with the president, Yusuff Alli, Chairman of the group said that the outfit, with headquarters in Abu Dhabi, has over 164 supermarkets and shopping malls which employs over 50,000 people.
The interest is to work with Nigerian farmers, using local produce to ensure food security. Quality, affordability and hygiene are the watchwords of the company.
Also in a bilateral meeting with President Buhari was Sheikh Hussain Al Nowais, Chairman of Amea Power, which develops, owns, and operates thermal and renewable energy projects in Africa, the Middle East and Asia.
Its wide range of power solutions includes conventional – gas, coal, oil, and renewable – solar, wind and hydro.
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Apart from power, the company, which owns Rotana Hotel chain, is also interested in the hospitality sector in Nigeria.
Sheikh Ali Rashid Lootah, Chairman, Nakheel Properties and Limitless Group; one of the world’s leading developers and a major contributor to Dubai’s real estate transformation, with current and future retail project portfolio covering nearly 17 million square feet of leasable space., they are keen to expand their investments in Nigeria.
The statement also noted that Sheikh Khalid Bin Kalban, who is the CEO of Dubai Investments. met with Buhari with his discussion centred around real estate, processing industries, mergers and acquisitions, health care, education, and financial investments.
Abu Dhabi Fund for Development (ADFD) has supported over 66 projects in 29 African countries. They include rural solar power and water projects, and that was the focus of the discussion, as Sheikh Mohammed Saif Al Suwaidi, the CEO, met with President Buhari.
The bilateral sessions were not concluded, till president Buhari had met with Jitender Sachdeva, CEO Skipperseil Group; an integrated energy company with operations in the manufacturing of substation equipment, discussions were on engineering processing, construction of transmission lines and substations for utilities, institutions and industries.
The company’s CEO expressed delight at meeting with the president, and looked forward to doing good business in Nigeria.