Although Nigeria has emerged as a capable candidate for foreign investment, and has made some efforts in the right direction, a lot still has to be done.
The country director, International Institute for Investment Promotion Ogbonna Ukuku and the chairman, Deloitte Nigeria, Femi Abegunde are of the opinion that Nigeria and the rest of Africa can attract a greater share of global investment if a conducive business environment is created.
According to them, Nigeria must address major infrastructure challenges with a major focus on power generation.
They also advised the Federal Government to develop and promote its non-energy exports, which include manufacturing, knowledge-based services, and agriculture.
Mr Abegunde also added that “economic development does not just come like that but there has to be lots of discussions between the government and foreign investment”.
Mr Ukuku advised that there should be a foreign investment forum to create more awareness and ensure readiness.
