{"id":349610,"date":"2011-03-30T10:24:33","date_gmt":"2011-03-30T10:24:33","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-%e2%80%93-uk-govt\/"},"modified":"2011-03-30T10:24:33","modified_gmt":"2011-03-30T10:24:33","slug":"nigeria-4th-fastest-growing-economy-uk-govt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/","title":{"rendered":"Nigeria, 4th fastest growing economy \u2013 UK Govt"},"content":{"rendered":"
\n

London \u2013 The UK\u00a0 Government on Tuesday in London described\u00a0 Nigeria as\u00a0 the fourth\u00a0 fastest\u00a0\u00a0 growing economy in the world.<\/p>\n

Mr Henry Bellingham, UK Parliamentary Under Secretary of State For Africa and Overseas Territories,\u00a0 said this at a two-day investment forum tagged: \u201cMaking Nigeria Your Goal.\u2019\u2019<\/p>\n

\u201cNigeria has averaged growth of\u00a0 8.9 per cent which is really stunning.<\/p>\n

\u201cNigeria is the world\u2019s fourth fastest growing economy with solid growth in the next five years and beyond ; this is truly remarkable,\u2019\u2019 he said.<\/p>\n

Bellingham said\u00a0 the Nigerian economy\u00a0 may outpace that of\u00a0 South Africa in the next 10 years if the current\u00a0 reform in the banking sector was extended to the power, oil and gas sectors.<\/p>\n

He commended\u00a0 the Lagos Government for good governance, fiscal responsibility and infrastructure development, saying the state was a model.<\/p>\n

Mr Aigboje Aig-Imoukhuede, Managing Director of Access Bank PLC,\u00a0 said the event was an opportunity to consolidate on the economic gains that had characterised trans-border economic relations between the two countries.<\/p>\n

Aig-Imoukhuede, whose presentation was entitled, \u201cNigeria: Your Market,\u2019\u2019 cited\u00a0 some sectors that had contributed to the real growth of the nation\u2019s GDP in the last five years.<\/p>\n

These, he said, include\u00a0 telecommunications\u00a0 accounting for 7.5 per cent;\u00a0 construction 6.4 per cent; food and beverages 3 per cent, agriculture 31.9 per cent; cement 1.3 per cent as well as\u00a0 oil and gas 25 per cent.<\/p>\n

Earlier, Mr\u00a0 Ben Akabueze, Lagos State Commissioner for Economic Planning and Budget, highlighted some investment opportunities in the state.<\/p>\n

He cited the areas of\u00a0 investment to include power, water\u00a0 supply, real estate and road transport.<\/p>\n

Akabueze said the Lekki Free Zone (LFZ), when fully completed, would give priority to manufacturing, warehousing and provision of\u00a0 logistics for\u00a0 industries in the zone.<\/p>\n

\u201cThe LFZ is turning into a new industrial city as well as a multi-functional special economic zone of\u00a0 Lagos metropolis,\u2019\u2019 he\u00a0 added.<\/p>\n

The second leg of\u00a0 the event will continue in Manchester under the same theme.<\/p>\n

Participants at the forum were drawn from the organised private sector in Nigeria, the Nigeria High Commission and\u00a0\u00a0 UK businesses. (NAN)<\/p>\n

Comments are moderated. Please keep them clean and brief.<\/p>\n

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\nNigeria, 4th fastest growing economy \u2013 UK Govt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

London \u2013 The UK\u00a0 Government on Tuesday in London described\u00a0 Nigeria as\u00a0 the fourth\u00a0 fastest\u00a0\u00a0 growing economy in the world. Mr Henry Bellingham, UK Parliamentary Under Secretary of State For Africa and Overseas Territories,\u00a0 said this at a two-day investment forum tagged: \u201cMaking Nigeria Your Goal.\u2019\u2019 \u201cNigeria has averaged growth of\u00a0 8.9 per cent which is really stunning. \u201cNigeria is the world\u2019s fourth fastest growing economy with solid growth in the next five years and beyond ; this is truly remarkable,\u2019\u2019 he said. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-349610","post","type-post","status-publish","format-standard"],"yoast_head":"\nNigeria, 4th fastest growing economy \u2013 UK Govt - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Nigeria, 4th fastest growing economy \u2013 UK Govt - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"London \u2013 The UK\u00a0 Government on Tuesday in London described\u00a0 Nigeria as\u00a0 the fourth\u00a0 fastest\u00a0\u00a0 growing economy in the world. 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Mr Henry Bellingham, UK Parliamentary Under Secretary of State For Africa and Overseas Territories,\u00a0 said this at a two-day investment forum tagged: \u201cMaking Nigeria Your Goal.\u2019\u2019 \u201cNigeria has averaged growth of\u00a0 8.9 per cent which is really stunning. \u201cNigeria is the world\u2019s fourth fastest growing economy with solid growth in the next five years and beyond ; this is truly remarkable,\u2019\u2019 he said.","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/"},"author":{"name":"","@id":""},"headline":"Nigeria, 4th fastest growing economy \u2013 UK Govt","datePublished":"2011-03-30T10:24:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/"},"wordCount":381,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/","url":"https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/","name":"Nigeria, 4th fastest growing economy \u2013 UK Govt - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-03-30T10:24:33+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/03\/30\/nigeria-4th-fastest-growing-economy-uk-govt\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/349610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=349610"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/349610\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=349610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=349610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=349610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}