Question

Discuss three ways by which Nigeria’s government can improve investor confidence.

Answer 1

The three ways to improve investor's confidence are:

1. The first trick is to improve Foreign direct investment in the country. The domestic and foreign companies should be given equal importance by the Nigerian government. There should be favourable and dependable conditions by all kind of firms. The government should generate partnerships between the foreign and local business. Foreign companies will be familiar with global business practices and the local companies will have their own indigenous practices. Thus cooperation will be formed between foreign and local companies.

2. Another area of concern is improvement in Infrastructure. Every business needs easy access to airports, railways and adequate supply of energy where the investors can invest.

3. The government should also think about boosting the decent and value-adding jobs and enhancing the skills of the current human resources of the country.