- Mr Pablo Segrelles, Economic Counsellor of the Embassy of Spain in Nigeria, on Thursday said that Spanish companies were awaiting President Muhammadu Buhari’s cabinet to enable them to increase investments in Nigeria.
- Segrelles told the News Agency of Nigeria (NAN) in Lagos that Spanish investors, who had “keenly’’ monitored the conduct of Nigeria’s elections were now expecting the announcement of a new cabinet.
“Spanish companies have always indicated interest in doing business in Nigeria, but the conduct of the 2015 elections resulted in a lot of standby decisions by these companies.
But shortly after the peaceful conduct of the elections these companies are more than ready to come into Nigeria.
They are now waiting for President Buhari to constitute a new cabinet. And as soon as he announces his cabinet, more Spanish companies will come to Nigeria,’’ he said.
- The counsellor expressed the Spanish companies’ optimism in the leadership qualities of Buhari to make Nigeria investment-friendly.
- According to him, Nigeria’s investment environment is currently fraught with challenges of unstable power supply, infrastructure, port congestion, corruption and insecurity.