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Buhari’s Inability To Come Up With An Economic Direction For Nigeria Worries Int’l Investors

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A British financial expert, Mr. Gerard Lyons, has urged the administration of President Muhammadu Buhari to come up with a clear economic policy direction to enable international investors take investment decisions on Nigeria.

Speaking at the Africa Pension Summit in Abuja, yesterday, Lyons also advocated that part of the nation’s almost N5 trillion be invested in infrastructure, especially energy, roads and rail lines.

On the new administration’s economic policy outlook, the speaker said that though the administration had claimed that there was a clear planning process behind the scene, it must the noted that lack of clarity about the vision and the direction of the government economic policy was not good for the country.

He said: “A great vision is the strength of an economy” he said, adding that the lack of appointment of key government officials was also a concern to international investors.

He said it was not possible for international investors to turn a blind eye on Africa, but noted that Nigeria, although with a large market, needed to come up with policies that would specifically attract investors.

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