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July 25, 2024

 FG Reiterates Commitment to Create Conducive Environment for Private Investors 

The Federal Government has  reiterated commitment to create a conducive environment for private investors to operate in the country. 

President Bola Tinubu, represented by the Minister of Agriculture and Food Security, Abubakar Kyari, stated this when he officially inaugurated the GB Foods Tomato Processing Company in Gafara village, Ngaski Local Government Area of Kebbi State on Friday.

He commended GB Foods for its significant investment in Nigeria and expressed satisfaction with the company’s management’s plans to expand the processing facility. This aligns with his administration’s eight-point agenda to promote agricultural development and attract private investment in the sector.

Meanwhile, the Minister of Information and National Orientation, Muhammad Idris, echoed the President’s dedication to agricultural development, citing the substantial resources invested in the sector. He emphasized the importance of fostering an enabling environment for investors to contribute to national food security.

Idris praised GB Foods for its investment in Nigeria, noting that more than 70% of the facility’s employees are women. He described the company’s establishment and sustainability as a testament to the collaboration between the federal and Kebbi state governments aimed at enhancing agricultural production, food security, and wealth creation.

Governor Nasir Idris of Kebbi State expressed gratitude to Spain for its significant investment in the agricultural sector and assured investors of the state government’s continued support. He also requested that GB Foods process its end products within the state, eliminating the need for transportation to Lagos for processing.

Former governor of Kebbi State and current Minister of Budget and National Planning, Atiku Bagudu, commended President Tinubu for prioritizing agricultural production and food security. He highlighted Nigeria’s vast potential as an investment destination and urged private investors to capitalize on opportunities across the country.

Also present was the Spanish ambassador to Nigeria who reaffirmed Spain’s commitment to partnering with Nigeria across various economic sectors, despite existing challenges. He praised GB Foods for its investment and expressed confidence in the company’s future success in Nigeria.

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