BNW

B N W: Biafra Nigeria World News

Avoid sharp practices, Obasanjo warns investors President Obasanjo yesterday warned that though the administration will continue to create better conditions for investors, it will not hesitate to take drastic action against those who engage in sharp practices and improprieties. Speaking at a meeting with members of the Indian, Lebanese and Syrian business communities, President Obasanjo said that his administration would not tolerate the flagrant abuse of the new opportunities it was creating for more investments in the Nigerian economy. “We have had to take harsh measures in the recent past. We will continue to do so if it becomes necessary,” he said. While stressing that legitimate returns on investments in Nigeria were already as high as could be obtained anywhere else in the world, the President said that the federal government would continue to address the genuine concerns of investors and the business community in the implementation of its economic reform agenda. Responding to some issues raised by participants at the meeting, President Obasanjo reaffirmed that the recent suspension of the Export Expansion Grant was a temporary measure taken to address identified anomalies and abuses in its administration. He also said that the federal government will continue to implement measures and policies that will lead to significant fall in the rates of interest on bank loans. TO NEXT NEWS PAGE ...

	BNW News
Voice of Biafra | Biafra World | Biafra Online | Biafra Web | MASSOB | Biafra Forum | BLM | Biafra Consortium
	© 2001 BNW BiafraNigeriaWorld  Privacy Policy ---------------------------------------------------------------------------------- Powered by ACENetwork ----------------------------------------------------------------------------------
	Axiom PSI Yam Festival Series, Iri Ji Nd'Igbo the Kola-Nut Series,Nigeria Masterweb