Key questions this article answers:
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The Tinubu government has been pro-business in the policies that it has implemented, but what kind of investment does Nigeria need?
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What sectors are Nigeria’s typical investors putting their money behind now?
Most of Nigeria’s success over the next few years will be hinged on its ability to attract investment. So far, the policies implemented by the Tinubu administration have signalled the government’s willingness to create a sustainable environment for businesses to thrive. For instance, foreign exchange (fx) reforms signal easier repatriation of investors’ funds to their home country.
But the consolation for Nigerians is that the increased cost of living caused by these reforms will ease once investors are convinced and flood Nigeria with their foreign investments.
However, only some types of foreign investment are ideal for Nigeria today. Therefore, the Nigerian government must be intentional about the investments they attract.
For instance, the
