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Jonathan assures foreign investors on security

30 July 2012, 16:50

London -  President Goodluck Jonathan said on Monday that government was collaborating with the U.S., United Kingdom and the France  to tackle the challenges of insecurity in the country.
Jonathan, who was represented by the Minister of Finance, Dr Ngozi Okonjo-Iweala,  gave the assurance while declaring open a three-day Nigerian High Level Business and Investment Summit in London.

The summit was organised by the Bank of Industry in collaboration with the Nigeria Olympic Committee (NOC) on the side-line of the ongoing 2012 London Olympics in London.
The president said that government had adopted a ''three prompt strategies’’, which include putting in place strong anti-terrorism  measures in conjunction with agencies in the three countries.
Others, he said include putting in place an economic inclusion that would provide jobs, financial assistance and use of political measures.
Jonathan added that government was taking strong and desirable steps to fight corruption, including commencing legal proceedings against persons suspected to have collected money wrongfully and fraudulently under the fuel subsidy regime.
He said government was committed to addressing the infrastructure challenges in the country and would partner with the private sector in order to find lasting solutions.
Jonathan also said that in spite of the challenges, the country recorded a steady growth rate of 6.17 per cent in the first quarter of the year, adding that it was expected to grow about 6.5 per cent by the end of the second quarter.
He added that the country undoubtedly had the potential to grow its economic base.
''Being mindful of the global downward pressure caused by the global demand, we have resolved to strengthen our economic coffers ad improve the fundamentals of our economy.
The objective of the summit is for the country to seize the opportunity of the Olympic games to project the country as the world's most vibrant market at the London Olympics.
Dignitaries at the summit include Britain’s Minister for Africa, Mr Henry Bellingham, the  Minister of Agriculture, Akinwunmi Adesina, Governors from Oyo and  Ekiti states.



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