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Former President Obasanjo To Stand As A Foreign Company Garantor



An international financial group, Money Maker Management, has approached former Nigerian president, Chief Olusegun Obasanjo to serve as collateral to invest about $50 billion into the Nigeria's financial, tourism and real sectors. The team led by its Chief Executive Officer (CEO), George Ghorayeb met with Obasanjo at his Hilltop Presidential Villa in Abeokuta on Thursday, March 13 to offer him their proposal, Daily Trust reports. According to Ghorayeb, the credentials of the former president prompted the move to approach him for the support.

He further said the group was targeting both private corporations and governments at all the tiers to come up with projects as low as $5million and as high as $50billion in the country. “We need somebody in the caliber of the former president as collateral to bring in such financial assistance. “Former president, Chief Obasanjo has fantastic credentials that we can rely upon as collateral. 

That is why we have come to him to see if we can get both private and government projects in real, financial and tourism sectors of the Nigerian economy, which is giving positive prospects by the day.” President Buhari has always advocated for foreign investments in Nigeria Meanwhile, Obasanjo, has expressed the determination in conjunction with other farmers group to end hunger in the country by 2025.

 The former president made the resolution on Thursday, April, 13 at his residence in Abeokuta when members of the Egba Cluster Farming Initiative paid him a courtesy visit.members of the Egba Cluster Farming Initiative paid him a courtesy visit. Obasanjo who is a renowned farmer, asked the Ogun state and federal governments to give farmers in the country more support in order to achieve this feat.

Source:_ Naij
Former President Obasanjo To Stand As A Foreign Company Garantor Former President Obasanjo To Stand As A Foreign Company Garantor Reviewed by okpala Precious on April 14, 2017 Rating: 5

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