The Lagos Chamber of Commerce and Industry (LCCI) has advised the Federal Government to establish dedicated websites that will guide foreign investors and other with the relevant information about investment opportunities in Nigeria.
In a statement signed by its President/Chairman of Council, Asiwaju (Dr.) Michael Olawale-Cole, the organized private sector (OPS) group maintained that doing this would further consolidate the gains recorded by President Bola Tinubu during his participation at the just concluded G20 summit in New Delhi, India.
The Chamber stated that the OPS would appreciate the President’s team establishing dedicated websites that provide useful information on investments like other countries such as India, Saudi Arabia, and China that had done so.
It clarified: “LCCI would appreciate it if the President’s team would follow the example of India, Saudi Arabia, and China by establishing dedicated websites that provide useful information on investments. These websites should include details on the areas in which investments are required and the funds needed for each project.
“This strategy has the potential to provide global investment opportunities without necessitating excessive or unnecessary physical interactions/ movements. In addition, domestic players in each area will be provided with the chance to get accurate knowledge on the current industry status, including the projected number of agreements and investments in each sector.
“Such platforms will function as reliable information and metrics for evaluating performance and as a foundation for developing policies aimed at incentivizing industries that lack investment interest”, it added.
In addition, the Chamber described the achievements of President Tinubu during the summit as a testament to his strong leadership, as acknowledged by other world leaders, adding that Nigeria’s invitation to the G20 Summit shows the nation’s strategic importance on the global stage and its capacity as the largest democracy and economy in Africa.
Similarly, it expressed its satisfaction with the bestowal of permanent member status upon the African Union by the G20, a development that will enhance the continent’s influence and participation in global governance.
The Chamber further noted that the outcome of the meetings President Tinubu had with the leaders of the US, Germany, and South Korea as well as the Indian investors, who have committed to providing a substantial sum of $14 billion in direct investments in critical sectors encompassing steel, petrochemicals, electricity, and agriculture, have instilled a sense of pride in the OPS and all Nigerians
It predicted: “These proposed investments are certain to have positive impacts on job creation, economic development, and the diversification of the nation’s economy.”
