Nigerien Finance Minister, Mahamat Treye, on Friday said the expected creation of a sovereign strategic investment fund is an opportunity to revive Chad’s economy.
Treye said this when he spoke in N’Djamena during a workshop to validate a report on the creation of the said fund.
“The fund is necessary to harmonise actions of both national and foreign investors around strategic projects linked to the country’s Vision 2030,’’ Treye said.
He noted that it was prudent for the state to be involved, especially under the prevailing circumstances that are characterised by dwindling resources due to the drop in oil prices.
Treye added that the dwindling insecurity was also caused by Boko Haram terrorist group as well as a weak private sector.
Speaking during the same function, the Resident Representative of the African Development Bank, Michel-Cyr Wembou, said that the fund would be an innovative investment tool.
He proposed that the fund should be used to finance projects in the agriculture sector, especially with regards to value addition and job creation.
“The creation of the investment fund is part of the government’s efforts to improve the business environment and diversify the national economy,’’ Wembou noted.