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Works Minister woos U.S. investors


By SundiataPOST, Abuja (Biz)

The Federal Government has called on businessmen/women from the United States to invest in the construction of roads and bridges in Nigeria.

The Minister of Works, Mr Mike Onolememen, made the call on Tuesday when he received a delegation of U.S. trade mission to Abuja.
“We are ready to collaborate with U.S. investors on roads and bridges infrastructure.

“The needed funds for infrastructure development in the country are so huge that government cannot bear it alone in view of all other competing needs.
“We are working with private individuals and organisations on Public Private Partnership basis.

“For instance, we have developed a new tolling policy with a view to attracting investors into the road sector. As part of the policy, we have identified some viable roads for concession”, he said.
The minister urged the investors to take advantage of the new tolling policy to invest in the country’s roads and bridges.

Earlier, leader of the delegation, Ambassador Geoffrey Teneilase, told the minister that the mission to Nigeria was to explore areas of possible investment.

Teneilase, who is also the Consul-General, U.S. Trade Mission in Nigeria, said Foreign Direct Investment into Nigeria would create massive employment and grow the private sector.

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