Speaking against the background of efforts by the federal government to transform the country, President Goodluck Jonathan has assured that Nigeria would be one of the 20 most developed countries in the world by 2020.
This is coming on the heels of the declaration by the Minister of Industry, Trade and Investment, Dr. Olusegun Aganga that the new economic status of the nation had been attracting a large number of foreign investors to the country
President Jonathan, in a lecture titled: 'Industrial Relations, Labour Productivity and National Development,' delivered on his behalf yesterday by Vice President Namadi Sambo, during the events marking the 71 anniversary of the Lagos Island Club, said the administration had been attracting more foreign direct investment needed to stabilise the economy.
"We are putting in place the enabling environment to attract businesses and I can assure you that today is still the number one destination of foreign direct investment in Africa and by 2020 we will be among the 20 most developed countries in the world," he said.
The vice president, who premised his optimism on the “institutional transformation” of the Jonathan-led administration and the improvement in power supply, stated that rather than leaving the country as being insinuated, “more industries are coming into Nigeria.”
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