ABUJA, OCTOBER 26, 2016 – The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has given an assurance that the Federal Government would ensure a conducive environment for businesses to thrive.Fashola said this while speaking with a Swedish business delegation on ICT and Smart Cities who visited him in Abuja.
The delegation was led by the Swedish Minister of Trade and European Affairs, Ms. Ann Linde.
The News Agency of Nigeria (NAN) reports that the delegation comprised experts in the Swedish financial sector, ICT, energy, transportation, telecommunication, health and agriculture.
Fashola said that although government’s role in electricity generation was now regulatory and policy making, it was doing everything possible to ensure reliable electricity supply in the country.
He said that for Nigerians to feel the impact of Swedish investment in the country, the investors should think of establishing manufacturing and assembling plants in the country, saying that such investments were critical to getting the country out of its present recession.
Earlier, Linde said that Sweden was doing quite well in urban transport, land use planning, digitization, smart grids, solid waste management and sanitation, among others.
She said that Sweden’s experience showed that using ICT smart city and high-tech solutions in urban planning and other sectors could facilitate processes while ensuring transparency.
The Swedish Minister of Trade and European Affairs described Nigeria as a country that enjoys the advantage of abundant renewable energy resource such as solar, wind and biomass
She said that Swedish investors were poised to contribute to the growth of the Nigerian economy by providing the necessary infrastructure for economic activities.
“I am truly honoured to lead this Swedish business delegation and look forward to gaining new insights on how our countries can develop new and mutually beneficial ventures in future,” she said.