The Foreign Direct Investment in Nigeria has plunged by 58.98 per cent in 11 years, data from the World Bank have revealed. Despite the coronavirus pandemic that disrupted businesses across the world, FDI rose to $ 930 million in 2020. Speaking with The PUNCH, Professor of Economics and former Vice Chancellor, Greenfield University, Seth Akutson, said both monetary and fiscal policies could not encourage foreign investors. According to him, “The security situation in the country does not encourage FDI. “Also, the policy framework of the Federal Government does not encourage investors.

Source: Punch December 13, 2022 11:08 UTC