President Muhammadu Buhari has assured business people of a “handsome returns” on their investment in Nigeria.
He made the remark while meeting with six different groups of investors on the sidelines of the Annual Investment Meeting in Dubai, United Arab Emirates and was contained in a statement forwarded to journalist by his Media Aide, Femi Adesina.
The statement reveals that, Sheikh Ahmed Al Maktoum is a member of the Dubai ruling family. He is also a private investor and member of several boards of companies, both state-owned and private. He is interested in establishing a power plant in Lagos, and studies have already been completed.
Lulu Group operates a chain of supermarkets in the Middle East and Asia. Yusuff Alli, Chairman of the group, told President Buhari that the outfit, with headquarters in Abu Dhabi, has over 164 supermarkets and shopping malls. It employs over 50,000 people.
The interest is to work with Nigerian farmers, using local produce to ensure food security. Quality, affordability and hygiene are the watchwords of the company.
Also in a bilateral meeting with President Buhari was Sheikh Hussain Al Nowais, Chairman of Amea Power. The company develops, owns, and operates thermal and renewable energy projects in Africa, the Middle East and Asia.
Apart from power, the company, which owns Rotana Hotel chain, is also interested in the hospitality sector in Nigeria.