Nigeria, An Investor’s Haven-VP Sambo

Vice President Arc Mohammed Namadi Sambo has described Nigeria as an investor’s haven, because of the boundless investment opportunities in the country.

Vice President Sambo stated this Wednesday, in Cape Town, South Africa, when he met with the South African business community.

“Nigeria is a virgin land, with huge opportunities for investment. The opportunity is there for huge growth and returns. The time is now for any investor that is willing to invest in Nigeria to come forward before others take your place,” he asserted.

He said to boost investor confidence the administration of President Goodluck Jonathan had reviewed Visa administration for genuine businessmen, with a timeframe of between one to three years.

Arc Sambo also stated that both the Federal and the 36 state governments were working assiduously to address the infrastructural deficit militating against Nigeria’s developmental progress, with massive investment on electricity supply; education, healthcare, transportation, agriculture, solid minerals development, oil and gas and also the review of various regulations and institutions to meet the objectives of the Transformation Agenda.


He enumerated areas of investment opportunities to include, power, solid mineral, water sector, cement production, construction, food industry, banking and finance, agriculture, military accoutrements, the textile industry and several others. He noted that the volume of trade between South Africa and Nigeria was enormous; adding that the agreements signed at the Bi-National Commission meeting would further boost their economic ties.


Speaking earlier the Governors of Kebbi State, Alhaji Saidu Usman Dakingari and that of Rivers, Mr. Rotimi Amaechi, gave an overview of the investment opportunities that abound in their states.

Similarly, the Ministers of Defence, Dr. Bello Haliru Mohammed and his colleague in the Mines and Steel sector, Arc Musa Sada enumerated investment opportunities the businessmen could tap from not only in their respective sectors but other sectors of the Nigerian economy as well.

The meeting organised by the Nigerian High Commission in South Africa, had the business community drawn from oil and gas, agriculture, mining, banking and finance, education, food industry, construction, healthcare services; urban development and government institutions, etc.

Present at the occasion were Nigeria’s High Commissioner to South Africa, Ambassador Sunday Yusuf, a Nigerian business entrepreneur, Alhaji Kashim Bukar and other government officials.

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