Minister of Trade and Investment, Olusegun Aganga, says the
Federal Government will strengthen investment pact with Brazil in
order to attract more Foreign Direct investments that will
fast-track the development of infrastructure across all sectors
of the Nigerian economy.
Speaking during a meeting with a delegation from a major
Brazilian conglomerate, Queiroz Galvao, in Abuja yesterday Aganga stated that
leading Brazilian companies had already indicated their willingness to invest
in the Nigerian economy, adding that the country would leverage
areas where it has comparative and
competitive advantage to create jobs , generate wealth and transform the
economy.
The delegation which was led by the Nigerian Ambassador to
Brazil, Vincent Okoredion , and the companies Managing Director, West Africa,
Marcos Alexandre Silva, also had in attendance representatives from the
Ministries of Works; Health; Lands, Housing and Urban Development, and the
Infrastructure Concession Regulatory Commission.
Speaking after the meeting, the Nigerian Ambassador to Brazil
said the renewed interest of Brazilian companies to invest in Nigeria was fallout
of President Jonathan’s visit to the country early this year.
Our correspondent reports that Queiroz Galvao, a group
consisting of over 50 companies with staff strength of 46,000 and turnover of
$4.3bn in 2010, is currently eyeing investment in critical sectors of the
Nigerian economy including energy, roads, ports, airports, among others.
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