Tony Elumelu, the chairman of Heirs Holdings, has argued that both improving security and improving access to electricity are essential to attracting investment.
Elumelu, who addressed the Taraba International Investment Summit in Jalingo on Wednesday, also emphasized the value of simple business practices in attracting investors.
“Investing in and supporting investments in the country requires a better access to electricity. At the summit organized by the Taraba State government, Elumelu stated that improving security also makes things easier and, most importantly, makes it easier to conduct business.
READ MORE: Without Local Investors, Foreigners Can’t Make Investments in Nigeria-Dangete.
He claimed that because of its numerous advantages, one of which is engaging the youth, he loves and preaches investment everywhere he goes.
He claimed that leaving school without being able to find employment is one of the best ways to empower young people. He also claimed that it is a betrayal for the younger generation.
Elumelu also praised the Federal Government under the leadership of President Bola Tinubu for maintaining currency stability, but emphasized the need to stabilize the currency further.
“I must add that one of the questions they posed to me yesterday in Doha was about money. I praised President Bola Tinubu’s Federal Government for maintaining stability, not just that the rate is high but stable.
And investors enjoy having stability to make their own decisions. Elumelu stated, “I want to see us perform well and help lower the currency further.”
Aliko Dangote, the president of the Dangote Group, gave advice to the state and federal governments on how to promote local economic development.
According to the richest man in Africa, domestic investors are the ones who will draw foreign investors because, in his opinion, no foreign investors would enter a nation where local businesses are struggling.
Source: Channels TV
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