‘Investment environment to remain volatile, uncertain in H2’

The overall investment environment in the second half , 2024, has been projected to remain volatile, uncertain and complex, even as the challenging business environment stemming from high interest rates, foreign exchange crisis and high cost of energy is expected to continue to pose a drag on output growth rate.

He stressed the need for investors to adopt diversification, hedging and long-term perspective to investment. He pointed out that a strong appreciation of the Naira in H2 2024 may not be realised due to several factors including low oil receipts owing to NNPC’s crude for dollar loans and speculative activities in the Foreign exchange market on account of elevated inflation.

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