Chairman, Nigerian Economic Summit Group (NESG), Asue Ighodalo, has offered an insight into what discourages investors from Nigeria. Of the $19 trillion invested in negative yielding assets globally, none of it has been invested in Nigeria, regardless of what it can earn, because our investment environment has been tagged unwelcoming, unsafe and unpredictable. In her remarks, Minister of Finance, Budget and National Planning, Zainab Ahmed, assured Nigerians that the current recession would be short-lived. She said the country would overcome the crisis this quarter or at the most first quarter of next year. She argued that the nation had outperformed economies like the United Kingdom and others that experienced slumps in the aftermath of the epidemic.

Source: The Guardian November 24, 2020 04:30 UTC