65 European Investors Engage Finance Minister In UK On Nigeria’s Economy

No fewer than 65 European and global investors, Tuesday, engage the Nigeria’s finance minister, Kemi Adeosun in the United Kingdom, on the country’s reform strategy and plans for financing infrastructure development and growth.
The minister provided the London-based investors, an update on the government’s plans for economic reform, investment and growth.
According to a statement by the spokesman of the minister, Festus Akambi, the day-long event which was organized by Standard Chartered Bank, was aimed at updating holders of the Federal Government’s existing international bonds on recent developments in the country and the near term economic outlook, as well as developing a greater understanding of the government’s economic strategy amongst the global investment community.
The statement said that the minister spoke of the new administration’s commitment to resetting the economy through its initiatives in fighting corruption, plugging leakages, improving efficiency and implementing a culture of financial discipline across all tiers of government.
“The Minister also spoke on the administration’s strategy of targeted capital investment to be funded from prudent borrowing which will address the infrastructure deficit, eliminate barriers to growth and create an enabling environment for private investment. The core aim of the strategy is to diversify the economy from the historical dependence on oil.”
The statement quoted Kemi
Adeosun as saying, after the event: “the non-deal roadshow is part of our investor relations outreach to engage with holders of our sovereign bonds. We plan to continue the engagement over the coming months.” [myad]