Chairman of the Nigerian Economic Summit Group (NESG), Niyi Yusuf, has stated that despite current economic gains, Nigeria’s foreign direct investment drive remains weak.
Yusuf stated this during his opening statement at the ongoing Nigerian Economic Summit in Abuja on Monday with the theme: “The Reform Imperative: Building a Prosperous and Inclusive Nigeria by 2030.”
According to him, Nigeria must demonstrate openness, fairness, and predictability to attract sustainable capital inflows.
Yusuf stated that the way Nigeria treats its domestic investors will serve as a signal to foreign investors assessing the credibility and stability of the country’s business environment.
He stressed that policy predictability, investment protection and transparent mechanisms for resolving business disputes are critical to rebuilding trust in the economy.
“How we treat domestic investors will provide the right signals for foreign investors,” Yusuf said, urging the government to prioritise clarity and continuity in economic policy.
The NESG chairman noted that while Nigeria’s fiscal condition has improved, the economy continues to face persistent inflationary pressures, high debt-service obligations, and subdued investor sentiment.
