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NESG urges investors to explore opportunities in Nigerian economy

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Mr Laoye Jaiyeola, Chief Executive Officer, Nigerian Economic Summit Group (NESG), has urged local and foreign investors to take advantage of the opportunities in Nigeria as the economy becomes stable in 2016.

Jaiyeola made the appeal on Wednesday in Lagos at the NESG signing of a Memorandum of Understanding (MoU) with the Oxford Business Group (OBG) for publishing the firm’s latest country report.

He added that there was a renewed drive to diversify the Nigerian economy from reliance on hydrocarbons.

The NESG boss said the effort would help to build momentum next year which would be analysed in the forthcoming report to be produced by global publishing firm of OBG.

Jaiyeola said the report would examine what would be next for the nation in 2016 as it draws a line under a year marked by election, foreign exchange pressures and low oil price.

He added that the OBG’s publication would also highlight Nigeria’s efforts to retain its spot as a preferred regional destination for Foreign Direct Investment (FDI) in an increasing competitive environment.

Also, OBG’s Country Director, Ms Izabela Kruk, said that she was delighted to have the NESG’s input for its forthcoming publication, especially given the level of change underway in the country.

Izabela said that while 2015 had been a year marked by challenges, Nigeria remained a crucial regional player with strong fundamentals that sit well with investors.

She added: “The Nigerian Economic Summit Group is a key player in the nation’s drive to boost FDI and increase the role played by the private sector here’’.

Izabela therefore, added that she looked forward to working with NESG to explore how Nigeria could use its strengths to its advantage in 2016. (NAN)