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Expert seeks government’s intervention to boost FDI inflow 

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FDI. Photo: NAIRAMETRICS

Efforts at attracting the needed Foreign Direct Investment (FDI) to grow the economy may not yield the expected results unless the government and relevant agencies enhance the ease of doing business in Nigeria.
  
The Country Chief Executive of Cititrust Financial Services Plc, Ikechukwu Peter, said this at a press parley held in Lagos on Tuesday. He said stressed the need for government at all levels to create a healthy business environment to facilitate industrial growth and promote investment inflows.
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He pointed out that Nigeria competes with the neighboring countries for investments, stating that government must create incentives to drive industrialisation.
  
He said: “Private sector partnership is very key in attracting FDI but an enabling environment must be created by fiscal and monetary authorities. Some private enterprises have what it takes to pull huge capital from abroad but these investors want to see a stable business environment with high-growth opportunities in Nigeria.
   
Peter said the company, which commenced operations in 2012 as a structured firm, has concluded plans to list on the Nigerian Stock Exchange (NSE) by the end of June 2021.
  
“As we proceed, we look at the possibility of listing other fast-growing subsidiaries. Again, between now and the end of the year, we will play actively in the fintech space.”

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