Former President Olusegun Obasanjo has been appointed an adviser to
New World Capital, a private equity firm which is raising money
internationally to invest in Africa.
Obasanjo, who is currently on a trip to the UK to promote investment
in Nigeria, is expected to facilitate the firm’s entry into Nigeria and
other African countries.
Reacting to the issue of corruption as an impediment to attracting
foreign direct investment in Nigeria, Obasanjo said that progress was
being made in the fight against corruption, adding that “it is not a one
night affair”.
“There is no part of the world where corruption is absolutely
eliminated,” he said. “But in other countries, corruption has not been a
way of life. When you are found, you are dealt with. And that’s what we
need. The givers of most of the corruption in Africa are from outside
Africa. They do in Africa things they would not do in their own
countries.
In my part of the world, we have a saying that the man who carries a
pot of palm oil from the ceiling is not the only thief. He has an
accomplice in the man who helps him to bring it down. The giver and the
taker are criminals; and they should be treated as such.”
The former president extolled the immense opportunities in the
continent and urged foreign investors to take advantage of the rush. “I
still believe in the opportunities that Africa affords to make
legitimate money,” he said. “Africa is one place I believe that if you
are courageous enough, you can invest and get 25 per cent return on your
investment annually. There aren’t many places in the world where you
can get that return.”
*This article has been amended to reflect corrections. The former
president was appointed advisor for New World Capital and not New World
Oil and Gas as we earlier stated. We apologise for the mix-up.
source: dailytimes.com
3 comments:
thank God o mr president
ola, i think its nice for baba to have a new job. hes always been a nice man and ready to keep working not like those who still wants more political post to steal more money
not a bad idea for our former president to get new job.. am happ for him also
@Seyi,please stop using abusive words, its wrong
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