It said the appointment of Ambode was a major pointer
to the fact that Nigeria and indeed Lagos was open for
real and serious investment.

The Commonwealth Enterprise and Investment Council
(CWEIC) has appointed Gov. Akinwunmi Ambode of
Lagos State as the Vice President of the council.
The announcement is contained in a statement issued
by the Chief Press Secretary to the Governor, Mr Habib
Aruna on Sunday.
It said the appointment was announced by the Chief
Executive Officer of CWEIC, Mr Oliver Everett at a
meeting between CWEIC and a group of Nigerian
businessmen at Ikeja.
The News Agency of Nigeria (NAN) reports that CWEIC
is an interest group established to promote trade and
investment by facilitating engagement between
government and the private sector throughout the
Commonwealth.
The statement said that Ambode would be in office
alongside Mr Jeffrey Mountevans, the Lord Mayor of
the City of London as Co-Vice President of the Council
for the next one year.
The statement noted that Everett was in Nigeria to talk
to small business owners on investment opportunities
in Commonwealth nations, especially Europe.
It said the appointment of Ambode was a major pointer
to the fact that Nigeria and indeed Lagos was open for
real and serious investment.
The statement quoted Everett as saying Nigerians in<br /> the UK were the fourth largest spenders, as there was<br /> already a huge market for Nigerian goods in the UK.’’<br /> Everett adviced business owners to avoid production of<br /> sugary drinks as lots of people in Europe preferred<br /> natural drinks.<br /> .<br />In terms of investment, there is huge interest in
Nigeria at the moment.
I think it is well known that there are a number of<br /> challenges for investors over many years, because of<br /> lack of confidence about where money invested in<br /> Nigeria may end up.<br />That maybe true and it may not be true, but we all
know as business people that perception is sometimes
a reality.
``And with the perception that money would not
necessarily end up where it ought to, many investors
avoided Nigeria.