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Top multinational companies to invest in Nigeria

President Buhari’s US visit is attracting potential investors seeking private meetings him

– Many of the companies plan to invest or expand in Nigeria and needed government’s support

– The president has promised that Nigeria has a lot of opportunities to tap from

In spite of the economic recession Nigeria is going through, it seems the future is bright as top global corporations have been seeking private meeting with President Muhammadu Buhari in New York.

President Muhammadu Buhari speaking at US African business forum

The president who is the United States for the United Nations General Assembly has used the opportunity to tell the whole world that Nigeria has great potentials and is open to investors.

Buhari also spoke at the US Africa business forum where he marketed Nigeria to potential investors.

According to Sahara Reporters, it seems the US trip is paying off already as chief executive officers of companies were seeking meetings with President Buhari.

Some of the companies include Motorola, MasterCard, Visa, Proctor and Gamble, and Africa Finance Corporation (AFC). A majority of the corporate executives represent energy firms, reflecting an area of Nigeria’s critical need.

A senior official who travelled with the president on the trip said the meetings indicated the corporate leaders’ “great confidence in Nigeria’s economic recovery as well as the country’s long-term investment prospects.”

The CEOs of financial services firms, Charles Scharf of Visa, and Ajay Banga of MasterCard, were among those scheduled to see Buhari in New York City.

Daniel Monehin who is the president of MasterCard’s division of sub-Saharan Africa, was expected to join Mr. Banga at the meeting with the president.

Sources revealed that MasterCard executives wanted to talk to President Buhari about the possible uses of public-private partnerships “to advance global financial inclusion efforts.”

Greg Brown who is the chairman and CEO of Motorola and Andrew Alli of Africa Finance Corporation also sought private meetings with President Buhari with the later planning to introduce the company’s infrastructure financing services.

Proctor & Gamble which is the largest non-oil US investor in Nigeria planned a meeting between Buhari and Mohamed Samir who is the president of India, Middle East and Africa arm wanted to seek government’s support in the company’s investment and expansion plans.

The CEO of energy firm APR Energy, John Campion wanted to talk to Buhari about prospects for a 275 megawatt fast track power project signed in 2015 with Sapele Power Plc., a private power provider in Nigeria.

Ms. Jasandra Nyker who is the CEO of another energy firm, Biotherm, also asked for a meeting to discuss the development of renewable energy capacity in Nigeria.

Ms. Kusum Kavia, President of Combustion Associates International, showed interested in briefing. Buhari about the firm’s current power projects in Nigeria, and to explore additional services in the power sector

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