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CCA Lauds Corruption Fight,Condemns Gas Pipeline Vandalism in Nigeria

May 28, 2016

By Ajong Mbapndah L

The dip in the price of oil opens up prospects for investments in other sectors of the Nigerian economy says Ambassador Perry. Picture credit: Michaela Ehimika,CCA

The dip in the price of oil opens up prospects for investments in other sectors of the Nigerian economy says Ambassador Perry. Picture credit: Michaela Ehimika,CCA

The fight against corruption stands out as one of the measures from the Buhari Administration that could boast investor confidence, says Ambassador Robert Perry, Vice President for International Programs at the Corporate Council on Africa.

In an interview at his Washington, DC  Office, Ambassador Perry said the attacks on gas pipelines were of great concern. No investor wants to spend millions building a pipeline only for it to be vandalized or blown up, Perry, a former U.S.Ambassador to Central Africa said.

Nigeria remains a country with great potential despite the disturbing impact of the sharp fall in petroleum products both at the Federal and State levels. Changes in policies are needed to diversify, grow, and keep the economy competitive, Ambassador Perry said.

On some of the sectors of the Nigerian economy that he sees opportunity for CCA members, Ambassador Perry cited power generation and distribution, and agribusiness which could be a strong substitute to oil as Nigeria seeks to diversify its economy.

With its large population, robust private sector, and the strong entrepreneurial spirit of Nigerians, Ambassador Perry expressed hope that ties between CCA and Nigeria will grow stronger in the years ahead.

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