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Peter Side Woos American Investors To Nigeria

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The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA), Dr. Dakuku Peterside has asked American business people to take advantage of the federal government’s policy on ease of doing business to invest in the country.

Speaking today when he addressed selected businessmen from the United States of America, that the policy of ease of doing business, coordinated by Vice President Yemi Osinbajo is already yielding fruits, particularly in the maritime sector. According to him, red tapes and bottlenecks which hitherto militated against investment in the sector have started disappearing.

Peterside said during a side event at the Offshore Technology Conference (OTC) currently going on in Houston Texas, with the theme: “Sub-Saharan African Oil & Gas networking session.”

He said that Nigeria allows income tax exemptions for infrastructural development in ship building, the NIMASA DG noted that there are financial incentives for ship building and ship scrapping with assurance of foreign repatriation of capital and profit.

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“We ensure that we provide the basket of incentives to ensure that you get into the industry, maximize the opportunities in the industry for the benefit of both Nigerians and the investors.” [myad]