{"id":237792,"date":"2012-12-09T23:02:00","date_gmt":"2012-12-09T23:02:00","guid":{"rendered":"http:\/\/www.ghanamma.net\/2012\/12\/travelex-promises-tech-support-for-cashless-nigeria\/"},"modified":"2012-12-09T23:02:00","modified_gmt":"2012-12-09T23:02:00","slug":"travelex-promises-tech-support-for-cashless-nigeria","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2012\/12\/09\/travelex-promises-tech-support-for-cashless-nigeria\/","title":{"rendered":"Travelex promises tech support for cashless Nigeria"},"content":{"rendered":"
\n

By Prince Osuagwu<\/p>\n

The Federal Government\u2019s drive for Foreign Direct Investment (FDI) seems to be yielding positive result. Both old and new foreign investors are currently indicating positive interest in strengthening or expanding their existing business concerns in the country.<\/p>\n

For instance, last week, one of the world\u2019s leading retail foreign exchange companies, Travelex, renewed its commitment to seeing Nigeria\u2019s economy stabilize with the visit of top executives of its UK outfit.<\/p>\n

Although the company said it has committed to the economic growth of the country for 33 years running, it also promised to provide cutting edge technology that can help the government actualise the cashless Nigeria initiative, much as it would renew investment drive to help in stabilizing the country\u2019s economy.<\/p>\n

The company said this vision and strive to match words with action have seen its UK top executives embarking on business visits to the country twice in less than six months.<\/p>\n

First was in May this year when the global Chief Executive Officer (CEO), of Travelex Group UK Ltd, Peter Jackson visited with a firm commitment to contribute to the Nigerian economy through foreign currency trade and partnership with authorities to fight counterfeiting.<\/p>\n

Jackson was bold to say that though the security situation in the country was challenging to investors, it was not peculiar to Nigeria as even London and other business hubs in the world have their own cross to carry.<\/p>\n

For him, \u201cTravelex has been operating in Nigeria for 33years. I think we\u2019ve got a great opportunity to expand our business in the country and to further explore the opportunity to expand our frontiers. We are trying to do some other things that we do in other parts of the world.<\/p>\n

\u201cI don\u2019t want to pretend that there are no security issues in Nigeria, but it is not peculiar to Nigeria. In Indonesia, Malaysia, New York and London, in all of these places, they all have security challenges. I think what is important is to think seriously about how to deal with them. It is not a unique issue\u201d, Jackson added.<\/p>\n

Less than six months after this statement of confidence in Nigeria\u2019s business climate, Chairman and Founder of Travelex, Lloyd Dorfman, came to see things for himself and going by his pronouncements, it could only be better for Travelex and Nigeria.<\/p>\n

Dorfman\u2019s courtesy visits to business interests and places in the country came up with a bold statement that Travelex was interested in expanding its business operations in the country.<\/p>\n

The first beneficiary of the expansion programme is the nation\u2019s aviation sector where air travellers and airport users would be provided with seamless retail foreign exchange services comparable to what obtains in other international and domestic airports worldwide.<\/p>\n

The implication is that air travellers in the country will have access to a basket of more than 80 currencies thereby solving their travel money needs in a stress free environment. This will be achieved through setting up bureaux and installation of world-class equipment and technologies in all the major airports around the country by Travelex.<\/p>\n

Mr. Dorfman believes that with the company\u2019s cutting-edge technology in the provision of foreign exchange ATMs, Travelex value addition presence in the country\u2019s airports would help to boost the country\u2019s cashless initiative.<\/p>\n

While at the Ministry of Aviation, Princess Stella Oduah, Aviation Minister expressed optimism at the prospects of partnering with Travelex to enhance Nigerians\u2019 travel experience.<\/p>\n

\u201cWe are looking for foreign investors, so we are extremely excited about this opportunity to work with you. We are embarking on very ambitious expansion programme of our airports, with the rehabilitation, reconstruction and remodelling of the old terminals\u201d.<\/p>\n<\/div>\n

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

Continued here:
\nTravelex promises tech support for cashless Nigeria<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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