Stakeholders advocate effective policy implementation to drive investment

Toyin Ajadi, Lagos

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Nigeria needs to improve on policy implementation across all sectors of the economy if it is to attract more foreign investments.

This was the consensus of stakeholders and participants at the 2019 International Investment Conference organised by the Lagos Chamber of Commerce and Industry.

The participants also called on the Nigerian-Business community to keep engaging relevant authorities on the need to set things on the right path, to create an enabling business climate for investors.

The President of the Chamber, Mr. Babatunde Runwase said “the Nigerian economy was in dire need of private investments and as such it was critical that government ensured improved regulatory framework and come up with new approaches to tackle security issues.”

He said; ” Nigeria’s recovery from recession in the second quarter of 2017 has elicited calls for polices that would support sustainable growth and development, steps have been taken and policies put in place to ensure the revamping of the Nigerian economy through the promotion of industrialisation and non-oil export for sustainable economic recovery.”

However, if the recovery is to be sustained, there must be added drive for domestic and Foreign Direct investment, promotion of non-oil exports and continued efforts at improving the ease of doing business in Nigeria

The conference with the theme “Promoting Investment, Connecting Businesses” sets the tone for this year’s Lagos International Trade fair which aims to address business and investment issues from the perspectives of both domestic and foreign investors.

The 10-day International Fair is scheduled to hold between 1st to 10th November, 2019 in Lagos.

Mercy Chukwudiebere