international efforts to attract international investme

 

Let us not forget that Nigeria is the only member of OPEC that is dependent upon petrol imports to keep the country goi usatimes.cc ng. Nigeria is ranked 145th in the world for its ease of doing business, which demonstrates the risks of investment into Nigeria.

Despite the President’s public usanews.cc anti-corruption platform, Transparency International has not seen any reduction in corruption since Buhari took office. In fact, the precise opposite has happened, with Nigeria falling 12 places between the 2016 and 2017 rankin news gs.

President Buhari currently faces serious allegations, which include staging show trials of opponents of a regime that is accused of corruption and graft, while simu v ltaneously shielding his own party members and inner circle.

We should all welcoment into developing economies. However, to do this successfully Nigeria must seriously tackle corruption, rather than use it as a smokescreen. It must honour its obligations to companies like P&ID. Until then, investors inevitably will be very wary of investing in Nigeria.

 

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