By Nkiruka Nnorom
Against the backdrop of consistent decline in Foreign Direct Investments (FDIs) as indicated by the latest report of the National Bureau of Statistics (NBS) on capital importation, economy experts have highlighted some of the lessons the fiscal authority should learn from the report to move the economy forward.
Part of the lessons, according to them, is the need for the government to improve on its corruption perception and also address some of the structural challenges confronting the economy, particularly the huge infrastructure deficit.
Report on capital importation for quarter three, Q3’8, released last week by NBS showed that despite the low appetite in the capital market by foreign investors, which has resulted in huge outflows in the last few months, Foreign Portfolio Investment (FPI) accounted for chunk of the capital importation at 60.35 percent in Q3’18, though it tumbled 37.7 percent year-on-year (YoY) in November to…
