President Goodluck Jonathan is keen to draw more foreign investors in Nigeria and says he will ensure an attractive environment is in place.

He spoke in separate meetings with China and Netherlands' ambassadors to Nigeria yesterday. The volumes of trade between Nigeria and China stand at $7-billion, and $4-billion with Netherlands.

'We have a growing population of young people and as a government we have an enormous responsibility to plan and prepare for their future. We are committed to promote greater foreign investment,' says President Jonathan.

Problems in the supply of power have been a hurdle for investors, but the federal government says its committed to improve power regulation to restore investor confidence.

A task force the president appointed to boost power supply in Nigeria is exploring private sector involvement, and has revealed a fresh privatisation programme.

Nigeria is home to Africa’s biggest oil and gas industry but underinvestment and mismanagement have left its power sector unable to meet demand, leaving businesses and individuals who can afford it reliant on diesel-powered generators.

Source: Business Day