Obasanjo: Time to invest in Africa is now

Olusegun Obasanjo

Former president of Nigeria Olusegun Obasanjo has urged investors to take advantage of investment opportunities in Africa now or regret later.

According to him ”those who do not go into the terrain now will be missing an opportunity because they will not have this opportunity again”.

The former Nigerian President was speaking at the ongoing Global African Investment Summit in London which he chaired and opened Monday morning.

The summit is seeking to direct funds from some of the world’s largest institutional investors into quality projects across the continent, with a focus on Ghana, Rwanda, Tanzania and Uganda, whose Presidents opened the summit this morning at the Savoy hotel in London.

Olusegun Obasanjo promised investors that their investments will have good returns. He however warned that old negative practices will no longer be tolerated in Africa.

According to him Africa is looking for investments that will create jobs for the youth. “We want the best technology, cheap funds so as to benefit our citizens, we also want you to source locally”.

The former President added that Africa wants reliable partners, structured projects that will be sustainable and by world standards.

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