NIGERIA SEEKING MORE RUSSIAN INVESTMENTS
RBC, 14.11.2005, Moscow. Nigeria is interested in attracting more Russian investors to its oil and gas production, Mustafa Bello, executive secretary of the Nigerian Investment Promotion Commission said today at a Russian-Nigerian economic forum in Moscow. According to him, Nigeria is ready to offer Russian investors preferential tax treatment for a term of 5 to 7 years. Apart from that, Nigeria has a number of free economic areas, where foreign investors are also welcome.
Mr. Bello also added that Nigeria was willing to cooperate with Russia in other economic spheres as well, including agriculture and the pharmaceuticals industry. He stressed that the country's authorities were taking care to provide legal protection to foreign investors, and investments would be returned no matter how the government may change.