Nigeria plans massive oil and gas forum to attract investors

Published July 22nd, 2012 - 01:01 GMT
Nigerian Oil
Nigerian Oil

The Nigerian government has concluded plans to hold a two-day oil and gas trade investment forum in southeast Rivers State to attract investors into the Free Trade Zone (FTZ).

Director of Trade in the Ministry of Trade and Investment David Adejumo told reporters in Abuja on Friday that the forum was part of government's effort to increase domestic and foreign direct investment in the oil and gas free zone in the country.

The forum, slated for Sept. 20-21, was expected to attract multi-dollars investment into the sub-sector, the director said.

Adejumo told reporters that the expectation was to have substantial domestic and foreign direct investment in the oil and gas free trade zone.

According to him, the forum will create jobs, wealth, reduce poverty, enhance industrialization, boost strategic business alliances that will lead to survival and sustainability of visionary Nigerian businesses in longer term.

He said the forum would also lead to improving the economy to achieve Vision 2020, understand the vast business growth opportunities in the FTZ and utilize them to expand businesses. (Xinhua-ANI).


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