Nigerian president Goodluck Jonathan has invited and assured foreign investors that the country is safe and secure to do business.

The president who was speaking at 17th Nigerian economic summit Thursday in Abuja urged the local and foreign business community not to be afraid of the terror activities of Islamic religious group Boko Haram describing it as only a temporary setback .

Jonathan says government is committed to its transformation agenda which he said is already yielding fruits saying that there is no better time than now to invest in Nigeria.

The president admitted that inadequate supply of electricity remains a major challenge to investors in the country, but said that the power sector also provides investment window to willing entrepreneurs. The theme for this year’s national economic summit is attracting foreign direct investment through global partnership.