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There seems to be a transitioning. A metamorphosis from the quotidian loan-driven articulations to investment-tailored pursuits and commitments. Nigeria has over successive administrations hypostasised borrowing in its bucket of foreign economic interests. These borrowings have overtime put a cosmic strain on government revenue. Nigeria’s external debt stands at over N49.85 trillion, and with about 73 |
"This is the time to invest in Nigeria. I speak as a private sector investor in Nigeria, the companies in our Group’s investment portfolio..."
There seems to be a transitioning. A metamorphosis from the quotidian loan-driven articulations to investment-tailored pursuits and commitments. Nigeria has over successive administrations hypostasised borrowing in its bucket of foreign economic interests. These borrowings have overtime put a cosmic strain on government revenue. Nigeria’s external debt stands at over N49.85 trillion, and with about 73
It is one thing to attract private capital, and it is another to retain it. Nigeria is currently ranked 131 out of 190 economies on ease of doing business. The business environment, today, is not very friendly. From tremulous infrastructure, poor power supply, asphyxiating taxes, insecurity, bureaucracy, corruption, to an undisciplined civil service – all these contribute to making the business environment precarious.
Going by the reports from India, it has been a fruitful outing for Nigeria, if not the most rewarding from a single event.