by Kingseyi Wed Jul 25, 2018 5:16 pmABUJA- THE Federal Government, at the
weekend, wooed foreign investors in Singapore,
to put their money in the nation’s water sector
with lucrative incentives.
This was contained in a statement signed by the
Director, Press and Public Relations in the
Federal Ministry of Water Resources, Mrs
Kenechukwu Offie, where the move was made by
leader of Nigerian delegation, Permanent
Secretary of Federal Ministry of Water Resources,
Dr. Musa Ibrahim, to 2018 World Cities Summit,
at the Singapore ‘International Water Week and
CleanEnviro Summit.
Musa told the Singapore Minister of Environment
and Water Resources, Mr. Masagos Zulkfilion, in
their meeting at the summit that the water
sector in Nigeria has enormous potential and
profitability based on the abundant resources it
hold, and any investor in the sector would not
like to leave when he or she sees the yield
based on the huge population of Nigeria, as
other sectors also depend on the water sector to
thrive smoothly and successfully, and that
“Nigeria would welcome more foreign
investments.”
He also told Singaporean investors to consider
investing in the WASH sub-sector for robust
profits.
The 2018 edition of World Cities Summit,
Singapore International Water Week and
CleanEnviro Summit is a premier global platform
for cutting-edge technologies and sustainability
solutions.
The Summit had over 200,000 delegates in
attendance from different countries with the
objective of ensuring safe environment and
drinking water, as they work towards achieving
good environmental practices.
According to the Ministry’s scribe, the essence
of Nigeria’s participation focuses on the best
solutions in scaling up water supply and
sanitation in order to meet the Sustainable
Development Goals 6 (SDGs 6) on water supply
and sanitation.
He said: “Nigeria is a strategic country with a
whole lot of juicy investment opportunities. The
water sector is one of them and this sector has
all it takes to make investors comfortable by
meeting their expectations upon investment.
“We have mouth-watering incentives for
investors in line with our easy of doing business
policy in the sector. We want Singapore and
other countries at this Summit to take advantage
of what we have to offer investors in the water
sector and others in our WASH sub-sector.”
He further stated that Nigeria has developed a
model for scaling up water supply and sanitation
coverage through the instrument of Partnership
for Expanded Water Supply, Sanitation and
Hygiene (PEWASH).
According to him the PEWASH serves as good
foundation towards achieving goal 6 of the SDGs
and ensuring availability as well as sustainable
management of water and sanitation for all.
Meanwhile, he (Musa) has reached agreement
with the Singapore Cooperation Programme for
capacity building for staff of the Ministry on
water related issues, which will soon commence.
In his response, the Singaporean Minister of
water Resources and Environment, said the
Nigerian government should have relevant laws
that will protect investors interest, which he
acknowledged investment opportunities in the
water sector.
According to him the importance of international
relations and trade in spurring industrial growth
based on the circular economy does not end at
national borders due to the global nature of
manufacturing supply chains.
weekend, wooed foreign investors in Singapore,
to put their money in the nation’s water sector
with lucrative incentives.
This was contained in a statement signed by the
Director, Press and Public Relations in the
Federal Ministry of Water Resources, Mrs
Kenechukwu Offie, where the move was made by
leader of Nigerian delegation, Permanent
Secretary of Federal Ministry of Water Resources,
Dr. Musa Ibrahim, to 2018 World Cities Summit,
at the Singapore ‘International Water Week and
CleanEnviro Summit.
Musa told the Singapore Minister of Environment
and Water Resources, Mr. Masagos Zulkfilion, in
their meeting at the summit that the water
sector in Nigeria has enormous potential and
profitability based on the abundant resources it
hold, and any investor in the sector would not
like to leave when he or she sees the yield
based on the huge population of Nigeria, as
other sectors also depend on the water sector to
thrive smoothly and successfully, and that
“Nigeria would welcome more foreign
investments.”
He also told Singaporean investors to consider
investing in the WASH sub-sector for robust
profits.
The 2018 edition of World Cities Summit,
Singapore International Water Week and
CleanEnviro Summit is a premier global platform
for cutting-edge technologies and sustainability
solutions.
The Summit had over 200,000 delegates in
attendance from different countries with the
objective of ensuring safe environment and
drinking water, as they work towards achieving
good environmental practices.
According to the Ministry’s scribe, the essence
of Nigeria’s participation focuses on the best
solutions in scaling up water supply and
sanitation in order to meet the Sustainable
Development Goals 6 (SDGs 6) on water supply
and sanitation.
He said: “Nigeria is a strategic country with a
whole lot of juicy investment opportunities. The
water sector is one of them and this sector has
all it takes to make investors comfortable by
meeting their expectations upon investment.
“We have mouth-watering incentives for
investors in line with our easy of doing business
policy in the sector. We want Singapore and
other countries at this Summit to take advantage
of what we have to offer investors in the water
sector and others in our WASH sub-sector.”
He further stated that Nigeria has developed a
model for scaling up water supply and sanitation
coverage through the instrument of Partnership
for Expanded Water Supply, Sanitation and
Hygiene (PEWASH).
According to him the PEWASH serves as good
foundation towards achieving goal 6 of the SDGs
and ensuring availability as well as sustainable
management of water and sanitation for all.
Meanwhile, he (Musa) has reached agreement
with the Singapore Cooperation Programme for
capacity building for staff of the Ministry on
water related issues, which will soon commence.
In his response, the Singaporean Minister of
water Resources and Environment, said the
Nigerian government should have relevant laws
that will protect investors interest, which he
acknowledged investment opportunities in the
water sector.
According to him the importance of international
relations and trade in spurring industrial growth
based on the circular economy does not end at
national borders due to the global nature of
manufacturing supply chains.
