Peter Obi, former Governor of Anambra State and presidential candidate of the Labour Party, has lamented the decline in Foreign Direct Investment (FDI) in Nigeria, stating that it is a major obstacle to economic growth. Obi highlighted that FDI inflows dropped significantly due to insecurity, policy inconsistency, and corruption. He stated, 'Without urgent reforms to restore investor confidence, Nigeria will continue to struggle economically.' He called for a strategic approach to attract foreign capital through improved security and transparent governance.
Punch Newspapers (MobilePunch) The Nigerian Economic Summit Group (NESG) reiterated that industrialisation remains a cornerstone for Nigeria’s economic prosperity. The group stressed the importance of creating an enabling environment for industries to thrive, which would lead to job creation and economic diversification. They called for urgent policy reforms to address challenges such as power supply and access to finance. This message was reinforced in multiple communications by the NESG to drive home its significance.
Punch Newspapers (MobilePunch) The Nigerian Economic Summit Group (NESG) has emphasized that industrialisation is critical to achieving long-term prosperity for Nigeria. In a recent statement, the group highlighted the need for policies that promote manufacturing, infrastructure development, and innovation to drive economic growth. They also called for collaboration between the government and private sector to address challenges such as power supply and regulatory bottlenecks that hinder industrial progress.
Punch Newspapers (MobilePunch)