Tuesday, May 30, 2023

I Would Be Very Scared To Invest In Nigeria As A Foreign Investor – Kingsley Moghalu

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A former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has revealed that it would be hard for him to invest in Nigeria if he was a foreign investor.

Moghalu made the revelation on Thursday via his verified Twitter handle.

READ ALSO: 2023 Elections Not The Fairest, Most Transparent In Nigeria’s History – Afenifere Blasts Lai Mohammed

His statement is coming on the heels of a slump in the Foreign Direct Investment (FDI) into the country, which according him “is down to the lowest levels in nine years”.

Buhari win polling unit for ApcMoghalu lamented that the country had so much potential but was “mismanaged economically.”

READ ALSO: Dot In A Circle: Return Home For Census – IPOB Tells Igbos

He wrote, “It is not surprising that Foreign Direct Investment (FDI) into Nigeria is down to the lowest levels in 9 years. If I was a foreign investor I would be very scared to invest in a country with so much potential but which has been so mismanaged economically.”

Photo Credit: Getty

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