Instability hampers investment – Buhari
Political and social stability are key factors that attract and cause investments to thrive anywhere in the world, President Muhammadu Buhari has said.
Receiving Hon. Harry Kalaba, Minister of Foreign Affairs and Special Envoy of the President of Zambia, Mr Edgar Chagwa Lungu, at State House, Abuja, Tuesday, President Buhari said he was happy to hear that Nigerian investors operated in good number in the Zambian economy, noting that such would not have happened “if there was no stability.’’
“Business people are shrewd, and would check and double check, before investing their resources in any country,” the President said.
President Buhari congratulated President Lungu on winning a second term in office in August 2016, saying, “elections are not always easy in Africa.’’
The Special Envoy said Zambia admired Nigeria’s leadership role in Africa, and would love to collaborate more with her.
“The true African spirit is shown by Nigeria, and she firmly believes that Africa needs cohesion to emancipate.
“Only a stable Nigeria is good for Africa,” Kalaba said, adding that Zambia stands with Nigeria in the war against insurgency, ‘‘and will always be willing to lend a hand. ’’