Nigeria IS Still An Investors Destination - IMF Says

The International Monetary Fund (IMF) says despite our economic challenges, Nigeria still remains an investors destination. The Senior Financial Sector Expert, Debt and Capital Market Instruments Division, Monetary and Capital Markets Department, IMF, Miriam Tamene, made this known when she paid a visit to the Securities and Exchange Commission’s (SEC) management in Abuja recently.

A statement released by SEC says Tamene said Nigeria has suprisingly received numerous indications of interest by investors eager to invest in Nigeria in recent times but that some of the investors still harbour the fear that their funds may not be released to them anytime they want to leave the country. She advised the Federal government to roll out policies that would bring down the inflation rate in the country as well as increase access to domestic funds.

“At the annual meetings of IMF, we were pleasantly surprised when we saw many investors interested in the Securities Market in Nigeria. A lot of people thought that Nigeria is still an investors destination, the main concerns most of them had was the fear that they may not be able to take out their money anytime they want to hence they are being very watchful. Investors are interested in Nigeria, but with difficulties they had in getting their money out recently, that confidence is not there yet. It has improved though, but they are still watching. It is still so much fragile and not what they can take for granted just yet” she said

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