t that Nigeria is the only member of OPEC that
Let us not forge is dependent upon petrol imports to
keep the country
find going. 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 anti-corruption platform, Transparency International has not seen any
reduction in corruption since Buhari took office. In fact, the precise opposite
has happened, wi
house th Nigeria falling 12 places between the 2016 and 2017
rankings.
President Buhari
currently faces serious allegations, which include staging show trials of
opponents of
business a regime that is accused of corruption and graft, while
simultaneously shielding his own party members and inner circle.
We should all welcome
international efforts to attract international investment 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.
Comments
Post a Comment