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Nigeria an investment haven – Minister

Nigeria an investment haven – Minister

The Minister of Communications, Barrister Adebayo Shittu, has described Nigeria as an investment haven for prospective investors. 

The minister disclosed this recently in Abuja at a business roundtable with the Minister of Transportation and Communication of Finland, Mrs. Anne Berner. 

“There is limitless opportunity in the ICT sector, E-commerce, E- education, E-health and other areas. ICT is like fresh air, every living being must rely on it, and without it life is unproductive,” Shittu said. 

The minister further said ICT contributed more than 10 per cent Nigeria’s GDP in 2016, predicting that with the rate ICT was gaining ground in Nigeria, it could contribute about 15 per cent to the GDP in the next five years. 

“Nigeria has a thick population that translates to a very huge market and we are leaders in West Africa and Africa as a whole. 

“However, in technology we are relying on countries which see us as partners.” 

In her speech, the Minister of Transportation and Communication of Finland, Mrs. Anne Berner, said Finland was ready to partner with Nigeria to build cyber-security, create new ICT services, and invest in infrastructure development that would bring changes. 

She said the aim of her visit was to discuss areas of synergy in ICT potentials between Finland and Nigeria. 

The Finland minister added that the partnership would bring the two countries together in terms of trade and investment which would create employment, as well as improve the economy. She indicated strong interest in optic fibre, 5-G Initiative and ship building areas. 
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