The Federal Government has assured investors all over the world that Nigeria is completely secured and ready to accommodate business ventures. This is as it also seeks to lift the suspension on Nigeria’s cocoa export to the US market and increase production.
According to the Minister of Labour and Employment, Senator Chris Ngige, who made the announcement at the Labour and Trade Ministerial Roundtable of the Africa Growth and Opportunity Act (AGOA) held in the U.S., the country has taken the adequate measures, under the administration of President Muhammadu Buhari, to diversify the economy and restore sustainable developments.
In the statement issued to newsmen on Monday in Abuja, Senator Ngige said:
“President Buhari has taken the initiative to create an enabling environment for businesses to grow, attract investments that are essential for growth, expand our manufacturing base and diversify the economy.
“Perceived constraints on businesses and investments are being removed so that both can thrive.
“We have initiated the Presidential Enabling Business Environment Council (PEBEC) whose secretariat, Enabling Business Environment Secretariat (EBES) is in the works.”
Speaking also on the issue of cocoa export to the United States of America, the former governor of Anambra state, solicited for the reconsideration of the suspension of the import of Nigeria’s cocoa into the US as a way of improving the trade imbalance between the two countries.
“I was upset that throughout discussions on agriculture, Ghana and Cote d’Ivoire became instant toasts in the West and pride of other West African countries delegates.
“Is it not the same cocoa that Obafemi Awolowo used to build the Western Region? The same cocoa which M.I Okpara had built massive plantations along Arochukwu axis of the Eastern region?
“I was peeved and therefore made a strong case for technical assistance towards the production of cocoa that meets the standard of export into the US and European market.”
Senator Ngige said he had the opportunity to dispel any negative report making the rounds at the international forum that Nigerian laws are labour-restrictive.
“I gave with concrete examples, the deep constitutional provisions on fundamental freedoms and the flourishing democratic tenets that guide government relations with labour.”
Therefore the Minister solicited to bridge the gap on trade imbalance between Nigeria and the United States to aid the country out of current recession.