March 23, 2022
1 min read

ASC puts Nigeria on top list of FDI 

An Africa Finance Corporation (AFC) official on Tuesday said Nigeria ranked highly as a destination for foreign direct investment…reports Asian Lite News

“Nigeria is still one of the top 10 destinations for foreign direct investment into Africa despite the various challenges facing it,” said Fola Fagbule, ACF senior vice president.

Speaking during a plenary session in the 2022 Law Week of the Lagos Branch of the Nigerian Bar Association (NBA), Fagbule said the nation had done well but could do better.

He told his audience that what Nigerians should be concerned about was whether the country was doing enough, noting that the nation still had more investment opportunities to explore.

ALSO READ: Nigeria to hold next presidential election on 2023

“If you think of the massive opportunities, then you will find Nigeria needs to do more,” he added.

Fagbule said that inflation and insecurity were among hindrances to the country, and urged that they should be addressed to enhance Nigeria’s investment opportunities.

“It requires us to be reorganized, more stable, and predictable in terms of our regulations,” he added.

Digital Literacy

he Nigerian government targets achieving 95 percent digital literacy by 2030, said Isah Pantami, the country’s minister of communications and digital economy.

Speaking at a stakeholder gathering in Abuja, the nation’s capital, the minister said citizens can contribute to Nigeria’s digital economy by being digitally creative and initiating indigenous solutions.

Pantami, who encouraged Nigerians to sharpen their skills with relevant knowledge, applauded start-up digital companies’ efforts, describing their innovative solutions as timely.

“This contributes to shaping our thinking toward not only maximizing our socio-economic opportunities as a people but also creating a platform for advancing tech-driven entrepreneurship towards national development,” said the minister.

“Information technology is a wide-ranging tool that is already transforming every walk of life,” Pantami said, urging more Nigerians to develop ideas that would fast-track the achievement of a digital Nigeria.

Previous Story

Taliban rejig cabinet

Next Story

Biden’s SC pick defends judicial record at Senate hearing

Latest from AFRICA NEWS

Africa Bets on Digital Tourism Growth

The Magical Kenya Travel Expo, which runs until Friday, brings together over 6,500 delegates from 40 countries across the globe…reports Asian Lite News Senior officials at the 15th Magical Kenya Travel Expo

India, Kenya Navies Forge Stronger Ties

During the port call, personnel from both navies will engage in various professional and social interactions, including joint training activities…reports Asian Lite News Senior Officer of the First Training Squadron (1TS) and

South Africa Returns to UN Aviation Council

ICAO is a specialised agency of the United Nations that coordinates the principles and techniques of international air navigation…reports Asian Lite News South Africa has been re-elected to the International Civil Aviation

‘South Sudan on brink of new war’

UN High Commissioner for Human Rights Volker Turk says peace deal risks collapse as nearly 2,000 civilians killed this year…reports Asian Lite News South Sudan is teetering on the edge of another
Go toTop

Don't Miss

After China promised aid, only $1 million reaches Afghanistan

That apart, China is typically risk averse and with its

Campaign across Africa against female genital mutilation  

Grassroots activists and organization officials will travel about 12,000 km