Skip to main content

NIGERIA BUSINESS CLIMATE SCARES FOREIGN AND LOCAL INVESTORS, SAYS NIGERIAN ECONOMIC SUPPORT GROUP

 

Citizens, foreigners scared of investing in Nigeria, says NESG

NESG logo

The Chief Executive Officer, Nigerian Economic Summit Group, Laoye Jaiyeola, has urged state governments to improve on their investments and create enabling environment for businesses to thrive as well as attract investors in the country.

Jaiyeola who made the call in Abuja on Tuesday at a high-level private sector dialogue with the conference of speakers of state legislatures noted that the root of Nigeria’s economic problems was lack of investment and an enabling environment for businesses to thrive.

He said, “The solution is that what we need is to bring investment. There are private sector people in Nigeria today who are afraid to invest their money in the country. Our foreigners are not bringing their money; Nigerians are taking their monies out.

So, how do we give that confidence that will make the private sector keep their money in the country?”

According to Jaiyeola, the state of the economy is not where it should be as the country has recorded three recessions in the last 10 years

Comments

Post a Comment

Popular posts from this blog

$100 MILLION STOLEN BY HACKERS IN CRYPTO HEIST

  Hackers steal nearly $100m in Japan crypto heist IMAGE SOURCE, Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen.  The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of cryptocurrencies to take place in recent days.                 Last week, digital token platform Poly Network was at the centre of a $600m heist. "WE ARE SORRY TO ANNOUNCE THAT #LIQUIDGLOBAL WARM WALLETS WERE COMPROMISED, WE ARE MOVING ASSETS INTO THE COLD WALLET," THE COMPANY SAID ON TWITTER. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure.                            
Post a Comment
Read more

Countries Accepting Nigerians Seeking Second Citizenship

  Countries Accepting Nigerians Seeking Second Citizenship Nigerians are able to access the following citizenship and immigration programs: The Caribbean Second Citizenship Programs, Caribbean nations like St. Kitts & Nevis, St. Lucia and Grenada offer second citizenship through their respective Citizenship-by-Investment programs. A holder of one of these passports may travel visa free to about 135 countries, including all European Union countries, the UK, Russia, Turkey, Singapore and Hong Kong. Holding a citizenship from one of these respected countries may also make it easier to obtain residency status or study in other countries, and allows political security and makes it easier to open bank accounts in foreign jurisdictions. To qualify, an applicant needs to be of good reputation and make a government donation of at least $100,000 USD after approval of their citizenship application.  Approval of a Citizenship-by-Investment application normally takes about 3 months, and all de
3 comments
Read more

ACTRESS SENTENCED TO SIX MONTHS IN ISLAMIC SCHOOL

    Sharia Court Sentences Kannywood Actress To Six Months In Islamic School The actress, Sadiya Haruna was handed the sentence on charges of “indecent social media postings.” Credit: Instagram | Sadiya Haruna The actress, Haruna, a resident of Kabuga Quarters was initially arrested on Friday by the Head of Surveillance Department of Kano State Hisbah Board, Malam Aliyu Usman. She was then detained in the custody of the Islamic police until early Monday when she was brought before the Sharia court sitting in Sharada area of the state. According to the First Information Report (FIR) filed against her, she was alleged to have consistently posted indecent videos in which she was dancing seductively and making sexual comments on her social media handles and YouTube channel. The accused person pleaded guilty to a one-count charge of obscenity and indecent act, which contradicts section 355 of Penal Code Law 2000. The presiding judge, Justice Ali Jibril Danzaki thereafter convicted her a
1 comment
Read more