The Minister of Communications, Mr Adebayo Shittu, has restated that the Nigerian investment market is big and boisterous enough for prospecting investors.
Mr Victor Oluwadamilare, Special Assistant, Media, to the minister, said in a statement that Shittu expressed the view in Abuja on Wednesday when he received the management team of YAS RIH Group in his office.
The group came to present the company’s intention to partner with the Nigeria in the area of digital transformation solutions and telecommunications operations.
Shittu said that the administration of President Muhammadu Buhari would provide a favourable environment for investment.
He said the administration had resolved to make Nigeria’s business environment safe and conducive to investors in its determination to diversify the economy.
The minister said the country’s regulatory processes were open, effective and transparent.
He urged the ICT firm to fully comply with all regulatory guidelines set for intending ICT operators by the Nigerian Communications Commission (NCC).
Shittu urged YAS RIH Group to forward a proposal through NCC and assured it that the government would not hesitate in approving a licence for the firm to operate in the country.
Earlier, the leader of delegation, Ayman Al Rlfai, who is the Personal Assistant to His Royal Highness, Prince Fahad Bin Magrin Bin Abdul Aziz Al Saud, delivered a goodwill message of Saudi Arabia’s King.
Presenting the company’s profile, the Chief ICT Officer, Mr Francois Hannouche, said the group was ready to bring expertise and experience in digital transformation solution and telecom infrastructure operations to impact positively on Nigeria’s economy.
He said that if given the opportunity to operate in Nigeria, the company would bring both direct and indirect impact on Nigeria’s GDP.
Hannouche said data was the new oil in the global market.
He lauded operators in the Nigerian telecom sector, such as MTN, Glo, Airtel and Etisalat, for their international ratings.
Hannouche said YAS RIH Group supported digital transformation projects.
The delegation included Abdulmanaf Muhammad, Vice-Chairman of YAS RIH International, Wad Tawil, CEO, YAS RIH International, Dave Cain, Abdullahi Garba, Managing Director, Forsysthia, and Muhammad Saed.




