Abuja - Former President, Olusegun Obasanjo,
believes his administration did its best to attract investments into the
Obasanjo, who led Nigeria from 1999 to 2007, was speaking
in London, United Kingdom where he was guest speaker at an event aimed at
luring investors into São Tomé e Príncipe.
Obasanjo highlighted the importance of trust, saying that
it could only be gained when governments delivered on their promises and worked
hard to create an enabling business environment.
“The slightest whiff of mistrust will cause investors to
take flight. We did our best to fulfill our promises to our business partners
and the Nigerian economy recorded impressive growth. São Tomé e Príncipe will
surely learn some important lessons from our experiences,” said Obasanjo.
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During his keynote address, the former Nigerian Head of
State, who is known for being a champion of driving investment into the
continent, said that he was at the conference to lend his support to the
actualisation of São Tomé e Príncipe's transformational vision.
The gathering brought together a select group of private
investors, members of the business community, and international development
partners to discuss opportunities that were centered on the country's national
São Tomé e Príncipe, Africa's second smallest country
after Seychelles has ambitious plans as it positions itself as a hub for the
Gulf of Guinea.
Conveniently located between some of Africa's
largest economies, most notably Nigeria and Angola, it wants to create a
logistical hub to service West and Central Africa, as well as becoming a
tourist hotspot for expatriates working and living in the region.
- CAJ News