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Thursday, April 19, 2012

Jonathan: Nigeria safe for investors.
 
Nigeria's President Goodluck Jonathan has said Western investors had nothing to fear in his country despite warnings of fresh attacks by Islamist group Boko Haram.
Jonathan told reporters after talks with Chancellor Angela Merkel that his country was on top of the threat posed by Boko Haram and that foreign companies should not be swayed by alarmist reports.
However Jonathan said oil-rich Nigeria needed assistance from foreign allies in developing security infrastructure to defuse the threat posed by militant groups.
He insisted the country had made great strides in good governance and conditions for foreign investment and pointed to the rapid growth in trade with Germany.
Germany imported 2.0 billion euros ($2.6 billion) worth of goods and services from Nigeria in 2010, according to the most recent official figures, and exported 1.1 billion euros to Nigeria.
Jonathan and Merkel formally inaugurated a bilateral commission to boost investment in Nigeria and exports to Germany and the chancellor said Berlin was ready to offer assistance to fight the extremist threat.
“We agreed that the danger posed by Boko Haram must be averted,” Merkel said.
“This is relevant for the people in Nigeria as well as for Nigeria’s reputation abroad…And we will be helpful in whatever areas we can, whether in training or logistics.”
The US embassy in Nigeria warned Wednesday that Boko Haram may be planning attacks against hotels or other areas in Abuja, but the government sought to play down the concerns.
Boko Haram has carried out scores of attacks, mainly in Nigeria’s predominantly Muslim north, that have killed more than 1,000 people since mid-2009 and authorities have appeared unable to stop the deadly campaign.

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