An Economist, Osilama Okuofu, has called for a Foreign Direct Investment (FDI) in stimulating the nation’s economy.
Appearing on Channels Television’s Sunrise Daily, he called on investors who have done well in their endeavours to invest in Nigeria’s economy.
He believes that doing so would help address the numerous unemployment challenges facing the country.
“For an emerging and frontier economy, we need Foreign Direct Investment (FDI). We need foreigners to come into this country and invest and help us grow, help us achieve and attain the level that we want to get to,” he stated.
READ ALSO: National Assembly Is Toying With Nigeria’s Security, Says Falana
The economist also called on the Federal Government to create an enabling environment that would encourage foreigners to invest in the economy.
According to him, government’s policies, especially on taxation, can affect the ease of doing business.
“When you talk of the poverty level increasing when people are out of jobs, they don’t earn income. They fall out of the safety net.
“So we need to ensure that our policies even down to the local government level are friendly, especially with respect to the taxation,” he added.
