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Ambode Appointed CWEIC VP..His Investment Drive Noted

akinwunmi ambodeThe Lagos State Governor, Mr. Akinwunmi Ambode, has been appointed the Vice President of the Commonwealth Enterprise and Investment Council (CWEIC).

CWEIC is an interest group established to promote trade and investment by facilitating engagement between government and the private sector throughout the Commonwealth.

 The Chief Executive Officer of CWEIC, Oliver Everett, who announced Ambode’s appointment while meeting with a group of Nigerian businessmen at the Lagos House in Alausa, Ikeja, said the Lagos governor would be in office alongside Jeffrey Mountevans, the Lord Mayor of the City of London, as co-Vice President of the council for the next one year, subject to renewal for another year.
Everett, who was in Nigeria to talk about investment opportunities in Commonwealth nations, especially in Europe, said, “The appointment of Ambode is a major pointer to the fact that Nigeria and indeed Lagos, is open for real and serious investments.”

At the meeting, which was facilitated by the Office of the Special Adviser on Oversees Affairs and Investment, otherwise known as Lagos Global, Everett advised businessmen from Nigeria to avoid production of sugary drinks, saying a lot of people in Europe were already avoiding such drinks because of obesity, and would rather prefer natural drinks.

He said Nigerians in the United Kingdom were the fourth largest spenders, adding that there was a huge market for Nigerian goods for them, as well as for Europeans who love made-in-Nigeria goods.

Everett commended the anti-corruption efforts of President Muhammadu Buhari, saying the war on corruption embarked upon by the President since assuming office about a year ago had positively changed the perception of investors about the safety of their investments in Nigeria.

“In terms of investment, there is huge interest in Nigeria at the moment. I think it is a well known fact that that there was a lack of confidence about where money invested in Nigeria might end up.

“That is why the crackdown on corruption by President Buhari has made a huge difference to that perception and there is now great willingness for investors to come to Nigeria,” he said.

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