For Nigeria to attract increased flow of Foreign Direct Investments (FDIs), deliberate multi-agency efforts have been identified as a necessity that will bring about the needed reforms and development required by the nation.
Besides, on the economic side, more transparency is required with managing the exchange rate; as allegations of favouritism has continued to disrupt the allocation of foreign exchange in the autonomous interbank market, which needs to be addressed by the Central Bank of Nigeria (CBN).
Besides, on the economic side, more transparency is required with managing the exchange rate; as allegations of favouritism has continued to disrupt the allocation of foreign exchange in the autonomous interbank market, which needs to be addressed by the Central Bank of Nigeria (CBN).
These were the submission of stakeholders at the breakfast meeting organised by Nigerian-American Chamber of Commerce (NACC), in Lagos, on Wednesday.They opined that despite the challenges bedevilling the country, Nigeria can still serve as a potential hub for businesses to thrive, if basic infrastructure are put in place, adding that efforts must start with bringing credibility into both fiscal and monetary policies by the government.
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