Nigeria calls for G20 membership

17:14, June 25, 2010      

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Nigeria has stabilized and is ready to take its rightful place in the comity of nations, especially the G20, the country's President Goodluck Jonathan said.

A statement reaching here on Friday said the president made the remarks in his keynote address at the business meeting of the G20 Summit in Toronto, Canada.

President Jonathan is in Canada at the invitation of the Canadian Prime Minister Stephen Harper for the G8 Summit and the G20 Business Leaders Conference.

Nigeria has made significant impact on peace and security on the African continent and the world at large, the statement quoted President Jonathan as saying.

"Nigeria has always played an important role on the international stage and we are still committed to this," he told his audience.

"We have contributed in no small measure to a more peaceful and secured world," he said.

"It is important to the world that Nigeria rises to play its historic and valued role in humanity's search for a more peaceful world," he added.

According to him, Nigeria was on the path of economic liberation, which is the foundation for prosperity and economic consolidation.

The president reiterated government's commitment to partner with the private sector and hoped for a mutually beneficial relationship with the participants.

Highlighting the business potentials in the country, the president said Nigeria delivered some of the highest returns on investment in the world.

"This is not the time to sit back and await further development because you may lose the opportunity of being a pioneer investor," the statement quoted him as saying.

The president said government was also committed to conducting credible election to ensure good governance and a predictable and stable business environment.

He said the nation's power sector was also undergoing far- reaching reform to remove barriers to investment.

President Jonathan added that Nigeria's banking and finance regulatory environment has met the best international practices.

He said Nigeria also has strong anti-money laundering laws.

Source: Xinhua


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