Muhammadu Buhari (retd), Nigeria’s President, told investors that the country’s administration will continue to support multilateral funding in its attempts to expand the economy.
During a goodwill visit to Durban, South Africa, on Sunday, President Muhammadu Buhari said this, referring to Prof. Benedict Oramah, the President and Chairman of the Board of Directors of the African Export-Import Bank, who was in town to launch the 2nd Intra-African Trade Fair Conference on Monday.
As stated in a statement by Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, “We appreciate your support for the Nigerian economy,” President Muhammadu Buhari assured AfreximBank on Monday.
Thank you for your continued support of Nigerian businesses and, by extension, the Nigerian economy,” he said in a statement. Count on my support in your efforts to improve Africa’s business and investment climate.”
Wamkele Mene, the Secretary-General of the African Continental Free Trade Area Secretariat, who was accompanying the bank’s President, Wamkele Mene, praised Nigerian President Muhammadu Buhari for attending the Afreximbank-backed Fair.
“President Buhari recognizes the importance of trade and how Intra-African trade can help improve the African economy and, of course, that of Nigeria,” said Prof Oramah.
At the same time, he was grateful to Nigeria’s president for donating the land and accepting to be present at the ground-breaking ceremony for the Africa Medical Centre of Excellence project, which is set to begin construction in Abuja next month.
Bank of America’s “5.5 billion dollar exposure” to Nigeria necessitated “the highest level of engagement” in Nigeria, according to Oramah.
Afreximbank has pledged to support any commercial deals that come out of this year’s Fair, which will be held in Lagos, Nigeria, with a total value of over 3.3 billion dollars, he said, adding that more deals are expected, “particularly considering the support we have seen from the President.”
The largest economy in Africa, Nigeria, ought to be involved,” he said. Both Africa and Nigeria are dependent on one another. Nigeria is considered as a missing piece of the continent’s puzzle if we don’t include it in our efforts.