By Udeme Ekwere

Monday, 15 Nov 2010

The Oxford Business Group has entered into partnership with the Nigerian Economic Summit Group to boost Foreign Direct Investment in Nigeria.

The partnership, according to a statement from OBG, will see the NESG pool resources with OBG‘s research and editorial team as work begins on “The Report: Nigeria 2011,” the group‘s forthcoming publication on the country‘s economic activities and investment opportunities.

The statement quoted OBG‘s Country Director, Ms. Claudia Muro, as saying that the partnership was important as the NESG‘s input would act as a booster to the 2011 publication, given the rapid rate at which Nigeria‘s economic landscape was changing.

She said, ”OBG‘s first report on Nigeria included detailed analysis of how the government‘s economic reforms were taking shape, with a particular focus on the many infrastructure projects in the offing and the expansion of the country‘s non-oil sectors.

”I am confident that the Nigerian Economic Summit Group‘s local knowledge of the country‘s business environment, together with its high level of expertise, will enhance our coverage as we prepare to chart the next stage in Nigeria‘s exciting transformation.”

The Director-General, NESG, Mr. Frank Nweke Jnr, said that the report would prove to be a valuable tool for members of the global business community as they considered their investment decisions.

According to him, ”As the government increases the tempo of its reform programme, Nigeria is witnessing significant developments across a number of emerging sectors, including telecoms and financial services.

“Oxford Business Group‘s reports on emerging economies are known to be market leaders in their field and I am delighted that we will be teaming up with them to produce what I am convinced will be a ground-breaking publication on Nigeria‘s economic transformation.”

Nweke noted that the NESG was set up to promote private sector initiative as the driving force for Nigeria‘s economic expansion, adding that the think-tank had played an active role in creating a business-friendly environment for investors as the country stepped up its bid to compete in the global market, while embarking on a chosen path of sustainable economic development.

Source: Punch