• Short Summary

    Foreign investors can look forward to an improving climate for investment in Nigeria following recent government actions and based on the country's enormous natural resources, according to the Chairman of the Nigerian Development Bank.

  • Description

    1.
    SV INT. ZOOM OUT from sign "African Business Rockets For Sale" TO delegates around table at EXPO
    0.06

    2.
    SV PAN FROM sign "Samsong Co Ltd Korea" TO exhibits on table
    0.11

    3.
    SV PAN FROM computers on table TO sign "IBCO Of Switzerland"
    0.18

    4.
    SV people looking at exhibits from Italy
    0.24

    5.
    SV PAN German exhibits
    0.32

    6.
    SV exhibits from Holland PAN TO Finnish exhibits
    0.43

    7.
    SV Chief Akinkugbe, Chairman of Nigerian Development Bank addressing the Conference ... and delegates listening (FIVE SHOTS)
    1.46


    CHIEF OLU AKINKUGBE: "The present climate towards productive investment is not favourable. However, recent government corrective actions and an assessment of Nigeria's potential gives one cause for optimism. If over the next one or two years we can restore and maintain a healthy foreign exchange position, make real progress in controlling domestic inflation, shift our substantial resources away from trading in foreign goods and into truly productive investments, and, above all, restore pride and efficiency in the civil service, the economic future of this country both or Nigeria and foreign investors should be very bright indeed. Thank you, ladies and gentlemen."




    Initials KM/0005



    Script is copyright Reuters Limited. All rights reserved

    Background: Foreign investors can look forward to an improving climate for investment in Nigeria following recent government actions and based on the country's enormous natural resources, according to the Chairman of the Nigerian Development Bank. Chief Olu Akinkugbe was addressing Expo Africa '78, the first international Lagos Conference on Trade and Technology.

    SYNOPSIS: The Lagos Conference on Trade, Technology and Training attracted delegates to the Nigerian capital from all parts of Africa as well as from Asia and Europe.

    It was a showplace for European manufacturers, but the conference was also a forum for discussion of Nigeria's economic problems.

    Nigeria's inflation is running at more than thirty percent a year and last year, while imports grew by forty-two percent, exports rose only twenty-two percent. But the Chairman of the Nigerian Development Bank, Chief Olu Akinkugbe spoke optimistically of the future.

  • Tags

  • Data

    Film ID:
    VLVA6VBLX9BI62F305APSSGWMIXWH
    Media URN:
    VLVA6VBLX9BI62F305APSSGWMIXWH
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    28/11/1978
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:46:00
    Time in/Out:
    /
    Canister:
    N/A

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