LAGOS – The Director-General, Nigerian Institute of International Affairs (NIIA), Prof. Bola Akinterinwa, on Friday said that Nigeria’s Foreign Direct Investment (FDI) policy has recorded a promising success in the last four years.
Akinterinwa told the News Agency of Nigeria (NAN) in Lagos that the policy had over the years continued to attract more investments from the U.S., the UK, China, India, and other countries.
The NIIA Chief, who expressed optimism at the policy’s “brighter future,” describing it as Nigeria’s viable option for attracting foreign investment, as well as revamping her economy.
“Our investment policy is basically aimed at attracting new economic inflows, for growth and development.
“Nigeria was recently ranked the largest economy on the African continent, and this is due to her increasing effort at attracting new inflows into her economy.
“I must say that Nigeria has been having quick responses to her foreign investment drive.
“Today, as we all know and can see, our investment environment has become so friendly and conducive for foreign investments,’’ he said.
Akinterinwa also said that the recent rating of Nigeria’s economy as being the largest on the African continent was due to the success recorded by the nation’s foreign investment drive.
He, however, said that it was imperative for the Federal Government to create a more enabling environment for more investors to take advantage of her foreign investment opportunities. (NAN)
Akinterinwa scores Nigeria’s foreign direct investment high
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