Former Presidential candidate of the Labour Party, Mr. Peter Obi, urged the Nigerian Government to create an environment conducive for foreign and local investors through favorable fiscal and monetary policy implementation.
Obi expressed concern over the recent financial report of Nestle Nigeria, which showed a significant loss in the company's history in Nigeria.
He attributed this loss to the collapse of the naira exchange rate to the dollar and the deteriorating business environment in the country.
The former Presidential candidate stressed that this situation sends a negative message to other global companies considering investing in Nigeria.
He emphasized that the government must do everything to encourage production in the country and create an attractive environment for more multinational companies to invest in Nigeria.
Instead of chasing away existing investors with unfavorable policies, Obi suggested that the government should focus on moving the country from consumption to production by building a good environment that will encourage foreign and local production companies to do business in Nigeria.
Peter Obi's call to the Nigerian Government highlights the need for a favorable investment climate to attract foreign and local investors, boost the economy, and create employment opportunities for the country's youth.
