IMF endorses Nigeria as global investment destination

The International Monetary Fund has reiterated that the Nigerian Economy is an investment destination.
IMF’s senior financial sector expert for Debt and Capital Market Instruments Division, Miriam Tamene, said this during a visit to the Securities and Exchange Commission over the weekend in Abuja.
Tamene said Nigeria had surprisingly received numerous indications of interest by investors eager to invest in the country in recent times, but that some of the investors still harboured the fear that their funds might 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 the IMF, we were pleasantly surprised when we saw many investors interested in the Securities Market in Nigeria,” Tamene said.
“A lot of people believed that Nigeria is still investors destination, the main concerns most of them had was the fear that they might 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 added.