Presidential Research & Communications Unit

Vice President Goodluck Ebele Jonathan has called on foreign investors to take advantage of government’s new initiatives on gas and petrochemicals and invest in the country.

According to him “ample opportunities of investments abound in the area of gas and petrochemicals to genuine foreign investors wishing to do business in Nigeria”

The Vice President stated this on Friday July 18 when he received Mr. Prasert Bunsumpun, CEO, PTT Public Company Limited, Thailand’s’ National Oil Company, who led a delegation comprising officials of a conglomerate of Thailand and Singapore petrochemical companies called Rainbow Energy Limited, to the State House Abuja.

He noted that Nigeria’s gas is considered one of the best in the world, noting, “It is always in high demand and the reserves are tremendous and available in different parts of the country.”

Welcoming the Thailand’s’ businessmen to Nigeria, Dr. Jonathan assured them of government’s support and enjoined them to take advantage of the ongoing economic reforms, pointing out that the country’s gas sector is critical to the Nation’s Economic regeneration and development strategy. He allayed fears about security of investments, saying, “Nigeria is safe for anyone interested in investing in the country.”

Earlier, Mr. Bunsumpun commended the administration for the progress made over privatization and other economic reforms in line with the seven point agenda of the government. He expressed interest in the power and gas sectors saying that the conglomerate “is prepared to invest in power generation and gas exploration.”