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‘Lack of data as bane of foreign investors’


Inadequate data is one of the major reasons why Nigeria is not able to attract investors when compared to other emerging or frontier markets.
These were the remarks of Chairman and Chief Executive Officer, Dunn Loren Merrifield, Sonnie Ayere, while giving an overview of the Nigerian economy at the second edition of the Doing Business in Nigeria’ (DBN) series organised by the Tokunbo Orimobi Foundation in Lagos.
Having held previous editions in New York, London and Johannesburg, this edition was the second event in Nigeria.
The event, which was themed, ‘Nigeria in 2020 – The Investors’ Manual’, centred around the economic trajectory of the country in comparison with previous years, employing the World Bank Ease of Doing Business indices as the key performance indicators for the country.
The panel session had very exhaustive discussions on the economic outlook for Nigeria in 2020, challenges encountered by investors in doing business in Nigeria, amongst other things.
The event had in attendance, Miss Kerry Anakwenze (Associate, Tokunbo Orimobi LP) as MC/Host;   Tayo Amusan (Chairman, Persianas Group), Victor Ndukauba (Deputy Managing Director, Afrinvest (West Africa) Limited), Paul Onwuanibe (MD/CEO, Landmark Group) and David Uzosike (Technical Lead, Enabling Business Environment Secretariat) as Panelists. Miss Michelle Okoyomo of Greenwich Trust Limited, moderated the panel session.
The opening remarks were given President, Tokunbo Orimobi Foundation, Michael Orimobi and Ayere gave the keynote address.After an insightful time of deliberations and networking, the DBN Series ended with closing remarks by Orimobi.


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