investors’ confidence, since Nigeria’s ability to attract FDIs would largely depend on how its political leadership positions the economy. He also called on Abuja to develop necessary reforms that would make the country a more attractive investment destination.
“We need policy reforms, regulatory reforms and institutional reforms, among others,” Yusuf said. “We should accelerate the ongoing foreign exchange reforms; we need to undertake trade policy reforms to liberalise trade in sectors of weak comparative advantage; we need regulatory reforms to make regulations more investment friendly.”
The LCCI’s former Director-General also emphasised the need privatise public enterprises and increase public private partnership (PPP), particularly in the infrastructure sector, while also fixing the ravaging insecurity in the country, all of which he said are “crucial” in boosting investors’ confidence.
