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.

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“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.