Economist Says Foreign Investors Will Not Be Deterred By Emergency Rule

Channels Television  
Updated May 15, 2013

An economist and the Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane has said that the imposition of emergency rule in some troubled northern states is a positive step in attracting Foreign Direct Investment (FDI) to Nigeria.

Mr Rewane, who was a guest on Channels Television’s programme, Business Morning said in a crisis ridden country, investors expect that the government do nothing, do the right things or do the wrong things.

The economist said Nigerians must abandon the notion that it will only take foreign investors to alter the economic destiny of the country.

He said, “Let us get away from this understanding that foreign investors are going to alter Nigerian’s economic destiny. If domestic investors do not invest in a country, no foreign investor will invest there.