Andrew was recently interviewed on Silverbird Television about why Nigeria is not attracting foreign investment.
“The government is not recognizing how much investment is required for us to get our growth up to 4, 5, 6, 7%… We need, as a country, about a hundred billion US dollars of investment a year to drive the economy… so, why are investors not coming to Nigeria? There’s two fundamental reasons: first, we continue to be ranked 169th on ease of doing business… the other thing holding back investment is… foreigners are unsure about the exchange rate regime… We need 50 billion; we’re getting 3 billion and people are not coming because they don’t understand what is happening when they exchange nairas for dollars and dollars for nairas.”
Photo: Enrique Mendizabal: Flickr Creative Commons License.
Although this is Andrew’s private blog, most “Press and Events” postings relate to his work with PwC, which is instrumental in developing his thinking for the blog.