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Nigeria Should Import Investments Rather Than Goods, Says Investor

A member of Polish Council of Investors in Africa, Mr Jerzy Pietrucha, has said that Nigeria is in desperate need of investors ready to bring in investments rather than the importation of goods.
Pietrucha, who is also the Chief Executive Officer of Pietrucha Group, said this in an interview with the News agency of Nigeria on Monday in Abuja.
He said Nigeria had an infrastructure gap of over 2.5 trillion dollars and strategic private investments were the ways to solve them.
He said with adequate foreign direct investment, Nigeria would bridge its infrastructure deficit, and provide the much needed food and job for its people.
“Traditionally, European countries, including Poland, aim only to export their goods to Africa.
“However at the moment, Africa doesn’t need to import goods anymore. What Africa needs is to import investors and investments.
“And Polish companies understand this. At the moment, we are ready to take the step and come here with our investments in various areas.
“For instance, we have companies that are interested in investing in the field of agriculture , housing and other infrastructure including energy.”
Pietrucha said for the country’s economic growth, it was better to search for investors interested in offering practical solutions and not just providing funds and technology.
“Nigeria is a country growing at a countunuous growth of about 4 per cent per annum and it has been estimated that its population will double in 30 years.
“It is time to utilise its potential and if Poland will not enter African countries with its ideas and business plan, some other countries will do it.
“Every investor is looking for a market, a reliable partner; someone who is ready to also invest his money in the business.
“Incentives is a secondary reason for an investor seeking to invest in a country. And as we know, It differs on different sectors so this could be a reason for where an investor puts his money.”
Pietrucha urged the Nigerian government to increase security, which would ease doing business in the country.
The News Agency of Nigeria reported that Pietrucha was in the country to attend the second Nigeria-Polish Economic Forum. (NAN)

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