Experts have emphasised the need to improve Nigeria’s regulatory environment and end security challenges as strategies to attract part of $80 billion investment funds proposed by the G-7 governments and partners to boost economic growth in Africa in the next five years.
While the Chief Executive Officer, Economic Associates (EA), Dr. Ayo Teriba said Nigeria should not queue for $80 billion G-7 funds; the Director-General, Lagos Chambers of Commerce & Industry (LCCI), Dr. Muda Yusuf and Fiscal Policy Partner, PwC Nigeria, Mr. Taiwo Oyedele emphasized the quality of the investment climate.
The experts made divergent recommendations during separate interviews with THISDAY at the weekend, expressing grave concern about the country’s worsening security conditions.
G-7 countries, along with multilateral partners, had announced an $80 billion commitment to invest in the private sector across Africa.
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