Nigeria’s environment not attractive for investment – Experts

The investment environment in Nigeria is not attractive enough, a panel of experts said on Monday.

The experts spoke during a session themed “Corrosive and Constructive Capital Inflow in Africa: Regulatory Framework and Governance Gaps” at the ongoing Media and Development Conference organised by the Centre for Journalism, Innovation and Development (CJID) in Abuja on Monday.

The experts explained that instability and uncertainty among other factors have made the nation’s economy too risky for investments.

Speaking on Monday, Lola Adekanye, African program director of the Centre for International Private Enterprise, these issues are affecting the nation’s ability to attract the needed investment, adding that the primary one among them is the environment for investment and growth.

“You will always hear that investors like stability, there is a need to be trustworthy in the business sector and what that translates to is this, if I put my money in any…