Bagudu Receives Business Delegation Of Corporate Executives From Corporate Council on Africa Member Companies

Bagudu Receives Business Delegation Of Corporate Executives From Corporate Council on Africa Member Companies

The Honourable Minister of Budget and Economic Planning Sen. Abubakar Atiku Bagudu CON earlier today received a business delegation of Corporate Executives from Corporate Council on Africa (CCA) member companies with focus on trade and investment opportunities in Nigeria.

The delegation was led by Florie Liser, President and CEO, CCA and John Oladije, Chairman of the council and CEO of Axxess Technology Solutions.

During her remarks, Florie Liser expressed CCA’s commitment to supporting sustainable economic development and growth in Nigeria through partnerships with both the government and private sector.

She commended the Honourable Minister for his budgetary objectives, particularly highlighting the goal of achieving double-digit growth through substantial annual investments, with a focus on key sectors including infrastructure, education, security, and healthcare.

Also speaking, John Olajide emphasized the importance of job creation and access to quality healthcare, citing the upcoming US – Africa Business Summit in Dallas as an opportunity to further collaboration with Nigeria.

Additionally, he highlighted the significant role that CCA members play in United States investments on the African continent and outlined the group’s interest in expanding their contributions in Nigeria.

In response, the Honourable Minister expressed his gratitude towards the CCA for their visit and acknowledged their longstanding engagement with Nigeria.

Sen. Bagudu stressed on the country’s potential for absorbing investments and the importance of private sector support in achieving economic growth.

The Minister highlighted the government’s commitment to making strategic choices and reforms to stabilize the macroeconomic environment, attract investments, and reduce fiscal deficit.

Sen. Bagudu outlined key initiatives in the national budget that aim to de-risk credit and mortgage financing, essential for stimulating the manufacturing sector and addressing housing needs.

He also pointed out the significance of long-term planning, citing Agenda 2050, which requires substantial private sector investment to achieve targeted GDP per capita by 2050.

Furthermore, Sen. Bagudu reiterated the ministry’s focus on infrastructure development, particularly in addressing agricultural challenges and expanding irrigation facilities to enhance productivity.

In conclusion, the Honourable Minister assured the Corporate Council on Africa (CCA) and the investing public of the government’s commitment to sustaining ongoing reforms, despite current challenges in the foreign exchange market.

He accentuated the government’s dedication to creating an enabling environment for both local and international investors, ensuring that Nigeria remains a favorable destination for business opportunities.

The Meeting concluded with a mutual understanding of the importance of continued collaboration and support for Nigeria’s economic progress.