Why Nigeria’s not preferred investment destination - NESG panelists

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NES26: Why Nigeria’s not preferred investment destination – NESG panelists

They include a leadership that takes responsibility for their decisions, consistency in policy decisions, educated population; technological development; infrastructural development and national security.

Mr Ajaere also advised the youth to participate in the process to influence policy and decision-making on issues that affect them.On how the private and public sector can cooperate to ensure development, Mr Ajaere cited the example of Delta State-owned transport company, Delta Line, which failed despite huge potential.

He said following the announcement of a policy encouraging local manufacturing of automobiles, the GIG Group three years ago decided to go into partnership with some foreign investors to build ‘Made in Nigeria’ vehicles.He said the Group spent over N5 billion without taking loans from the banks to build the vehicle assembly plant.

 

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