BRITAIN has urged the Federal Government to initiate plans to access part of the United Kingdom’s 90 billion pounds investment funds to boost the country’s infrastructure and economy.
The offer came barely over a month after the British Prime Minister, David Cameron, visited Nigeria.
Stating this was the Lord Mayor of the City of London; Alderman Michael Bear, when he led a trade delegation to the country this week.
Bear said for Nigeria to play important global economic role, the country need to have pursue the three Cs approaches: Commodity-which the oil represent, Capital leverage and Creativity that will enable the country diversify the economy.
According to him, since capital has a choice, Nigeria was among the countries chosen to attract part of the funds, adding that it is now left for government to access the investment fundThe mayor also added that a country must possess a business-friendly environment based on transparency.
Excerpts from the Guardian.
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