Muda Yusuf, an economic expert, has highlighted that Nigeria’s lack of adequate infrastructure is a major barrier to its ability to compete in international trade. He explains that investors focus primarily on the potential financial returns of their investments rather than political or ideological factors. Therefore, for Nigeria to attract more foreign investment and improve its position in global markets, it must address issues like poor roads, unreliable power supply, and limited transport facilities.
Yusuf emphasizes that without significant improvements in these areas, Nigeria will struggle to offer the competitive environment investors seek. Strengthening infrastructure would not only boost trade but also create a more attractive climate for businesses looking to invest in the country. This approach is essential for Nigeria’s economic growth and integration into the global economy.
Why this matters:
Improving infrastructure is crucial for Nigeria to increase trade and investment, which can lead to job creation and economic development. Understanding what drives investor decisions helps policymakers focus on practical improvements that encourage growth rather than relying on political narratives.
Source: NewsData