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FG’s Obedience To Court Orders Will Boost Investors’ Confidence – Rewane

Ignatius Igwe  
Updated December 26, 2019
The CEO of Financial Derivatives Company and a member of the Economic Advisory Council (ECA), Bismarck Rewane, says Federal Government’s obedience to court orders will boost the investors of confidence.

 

The Chief Executive Officer (CEO) of Financial Derivatives Company and a member of the Economic Advisory Council (ECA), Bismarck Rewane, says Federal Government’s obedience to court orders will boost investors’ confidence.

Rewane, stated this on Wednesday during an interview on Channels Television’s Business Morning, following the release of the RevolutionNow protest, Mr Omoyele Sowore and a former National Security Adviser, Mr. Sambo Dasuki by the Department of State Service (DSS).

“The more liberal, the more tolerant the government is, the more confidence investors will have. It is not the release of people, it’s the obeying of court orders.

READ ALSO: Lagos Is The Second Worst City To Live In – Rewane

“If for example, I take the government to court because my tax liability is higher and the court says go and refund and the court refuses, those are the things investors are looking at.

“If there is a dispute, they need remedies. The government has to be a good example of obedience to the rule of law because they set the law. This move now shows that the government is law-abiding,” he stated.

Speaking about the rate of Nigerians seeking political asylum, the economist said the number has dropped from 60,000 in 2018 to 57,000 currently.

According to him, the decrease in the statistics is as a result of the decline in the misery index which translates to political asylum seekers.

Meanwhile, Rewane also stated that life expectancy in Nigeria is now 56 years compared to 2018 when it was 54 years.












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