Economic Group Outlines Roadmap to boost Investment

Hauwa Abubakar

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The Nigeria Economic Business Group has called on all levels of government in the country to work in synergy in order to harness ease of doing business and good governance.

In a communique signed by Asue Ighodalo on behalf of the group, the NESG said it was in the country’s best to build confidence in investors, now, more than ever.

This is especially as the country has faced numerous challenges that has had a huge effect on the economy including, security, global inflation, and the Covid-19 pandemic.

The group called on the Nigerian President “to ensure that the right signalling and conducive business environment are provided to attract both foreign and domestic investment.”

The NESG further commended the doggedness of Nigerian entrepreneurs, despite the challenges of doing business globally and locally.

“Nigerian entrepreneurs have continued to exhibit faith in the economy by investing in the country. This is commendable and all hands should be on deck to ensure that the efforts of both foreign and domestic investors are not frustrated. “

 

Entench Investor Confidence

The NESG further stressed the need to ensure investor confidence by ensuring appropriate laws are enacted to meet global, changing business trends.

 

“The Nigerian government should ensure that the signalling to both foreign and domestic investors is not only right but friendly and appropriate to attract investments into the country.”

 

Reacting to the recent dispute between the Kogi state government and Dangote Group of Companies, Ighodalo noted that such misunderstandings can easily be resolved with the aid of adequate laws.

 

He called on the Nigerian government to demonstrate its readiness to grow its economy, especially now that the 2023 provisional budget has been presented to the National Assembly, and as the nation attends the annual meetings
of the World Bank and International Monetary Fund, with the hopes to woo more investors to the country.

 

 

 

 

 

 

 

Hauwa Abu

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