The All Progressives Congress (APC) has insisted that Nigeria remains the top destination for investment in Africa by foreign investors, irrespective of Twitter’s decision to ignore the country for her West African rival, Ghana.
The APC said this in a statement signed by Senator John Akpanudoedehe, National Secretary of its Caretaker/Extra-Ordinary Convention Planning Committee, on Thursday in responding to comments made by the Peoples Democratic Party (PDP) over the development.
The PDP had in a statement signed by Kola Ologbodiyan, its National Publicity Secretary, on Wednesday, said the purported misrule of the President Muhammadu Buhari-led APC government was the reason for Twitter to site its African headquarters in Ghana instead of Nigeria.
But responding, the APC insisted that Twitter is a private company that has the prerogative to establish its African headquarters in any country of its choice on the continent.
According to the ruling party, the decision by the microblogging site does not in any way affect foreign investment in the country, noting that several multinational companies have established their African offices in Nigeria.
The statement read: “Flowing from a statement by the Peoples Democratic Party, our response to Twitter’s decision to cite its African operations in Ghana is simple. The decision or rationale of private concerns, particularly businesses on where to cite their operations are their exclusive preserve. It is a no issue!
“However, for the PDP that mocks the country and its citizens over what it celebrates as missed ‘business prospects’, such political party does not mean well for the country and should definitely not be considered as a governance option. It is exhausting and depressing highlighting PDP’s ignominious past. The APC will rather consolidate and focus on how Nigeria is finally getting it right under President Muhammadu Buhari.
“How come what the PDP terms the present ‘misrule’ did not stop multinational technology companies, Facebook and Google, from opening offices in Nigeria? Neither did it stop the world’s largest brewer, Anheuser-Busch InBev, and multinational food manufacturing giants, Kellogg’s, from establishing their multi-billion naira brewery and factory (respectively) in Nigeria.”
The APC stated that despite the uncertainties over the evolution of the COVID-19 pandemic, Nigeria earned $2.6 billion of the global volume of Foreign Direct Investment, surpassing a major competition, South Africa ($2.5 billion), according to the latest 2020 United Nations Conference on Trade and Development’s Investment Trends Monitor.
It noted that Nigeria’s status as Africa’s biggest economy was made possible by the economic policies of President Buhari, adding that the Federal Government is working hard to create a conducive business environment for investors.
The statement read: “Nigeria’s current status as Africa’s largest economy was achieved under the President Buhari-led APC administration and our industrious citizens are the ultimate beneficiaries.
“Nigeria is doing a lot through the Presidential Enabling Business Environment Council, which was set up by this administration to remove bureaucratic constraints to doing business in Nigeria, and the ongoing implementation of Economic Recovery and Growth Plan. Nigeria is on the right trajectory and the PDP cannot wish away these solid achievements.
“Finally, we use this opportunity to remind Twitter and other frontline social media platforms of their important responsibilities to curb fake news, disinformation and hate speech. In the last US presidential election, the proactive roles played by social media operators in checking fake news and divisive rhetoric is a solid pointer to how proper social media usage ultimately benefits society. We expect no less in Nigeria from social media operators.”