A Federal Government of Nigeria delegation comprising core economic ministers, the Central Bank, CBN, Governor and the Director General of the Debt Management Office, DMO, will during the week host international investors and rating agencies in New York City, United States of America, to present the country’s economic and business outlook and prospects for investment.
The Ministers are that of Budget and National Planning, Senator Udoma Udo Udoma; Finance, Mrs Zainab Ahmed; and Industry, Trade and Investment, Dr Okechukwu Enelamah. The Central Bank Governor, Mr Godwin Emefiele and the Director General of the Debt Management Office, Mrs Patience Oniha, complete the team that will be addressing participants in the forum scheduled for Thursday.
The Executive Secretary of the Nigeria Exports Promotion Commission (NIPC), Ms Yewande Sadiku, is expected also to host a separate Forum with a select group of potential investors, in New York City, on Wednesday.
Global Patriot Newspapers, GPN, learnt that already, more than 20 top global investors have indicated interest in the Thursday meeting, which is tailored to explain to global investors and rating agencies some fundamental issues about the Nigerian economy including strategic reforms and investment incentives in the country.
The Nigerian delegation is expected to talk about key investment indices which have placed the country as Africa’s largest economy that has continued to improve and is poised to sustain higher and better quality growth. It would in the process present fundamentals that support resilience to global headwinds.
It was gathered that the major focus areas will include Reform implementation and key initiatives; the improving business environment; Fiscal performance, efficiency measures and key sectors update; Sustainable and strategic debt management; as well as Monetary and Banking updates.
Specifically, the delegation is billed to present a comprehensive plan to support the current economic recovery and growth efforts in the country, including broad-based monetary measures helping the recovery; government‘s continued commitment in that direction, as well as results achieved so far.
It was also gathered that the team is expected to present before the investors, policy initiatives of the present administration and its commitment to policy sustainability; and will showcase key initiatives which remain the core focus of budget planning and resource allocation.
Particularly, the delegation will present Nigeria’s fast improving business environment and the key initiatives underlying the success achieved so far; and going forward.