• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Why foreign investors stay out of Nigeria despite ‘positive’ Ease of Doing Business – Moghalu

William Ukpe by William Ukpe
January 16, 2023
in Business News, Economy
Kingsley Moghalu
Share on FacebookShare on TwitterShare on Linkedin

Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has opined that Ease of Doing Business rankings are not enough to attract foreign investors to Nigeria.

According to him, Nigeria’s weak economic enabling policy space also deters investors.

Impacts of poor policies: He stated that in his career so far, poor economic policy is a major roadblock for investors willing to invest in Nigeria. 

RelatedStories

SEC warns Nigerians against investing in Risevest and Stecs  

SEC tenure rule: Panic grips capital market operators 

June 23, 2025
Denmark

Denmark increases salary requirements for foreign workers and residence permits effective July 1 

June 23, 2025
  • “In my business as a ‘knowledge entrepreneur’ providing advisory services to foreign investors interested in Nigeria and other African countries, I find that many investors are interested in Nigeria’s potential value but are held back by weak economic policy and business environment,” he said. 

Moghalu added that the year 2023 could also be an economic boom for Nigeria if the right policies are implemented.

 

Enabling Policy: He noted that Ease of Doing Business mainly covers the substance of the policy, adding that without an enabling policy environment, investors will stay away. 

  • “Ease of doing business is mainly about the substance of policy + the transparency and efficiency of the marketplace. Tax issues and port administration also matter greatly.  
  • “We can do all the Ease of Doing Business work we want, but without a substantively enabling policy space, as well as zero/low corruption, most potential investors will stay out, and some inside already may leave.  

Moghalu urged that 2023 could open the vista for an economic boom in Nigeria depending on how things evolve. 

  • “Nigeria holds much attraction to investors. It’s a great market” he said. 

What you should know: Nairametrics reported last year that Nigeria attracted a sum of $1.54 billion as capital inflows in the second quarter of 2022, an increase of 75.34% compared to $875.62 million recorded in the corresponding period of 2021.  

The breakdown of the report showed that the largest amount was received through portfolio investment at $757.32 million, which accounted for 49.33% of the total inflows, followed by other investments with $630.87 million, representing 41.09%, while foreign direct investment accounted for 9.58% ($147.16 million). 


Follow us for Breaking News and Market Intelligence.
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

SEC warns Nigerians against investing in Risevest and Stecs  
Equities

SEC tenure rule: Panic grips capital market operators 

June 23, 2025
Denmark
"Japa"

Denmark increases salary requirements for foreign workers and residence permits effective July 1 

June 23, 2025
Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 
Business News

Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 

June 22, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 
Energy

Global oil price may surge past $150 per barrel as Iran’s parliament approves closure of Strait of Hormuz 

June 22, 2025
Trump hosts exclusive dinner for top meme coin investors amid controversy 
Education

President Trump’s visa restrictions threaten 16 U.S. colleges depedent on international students 

June 22, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

Weekly Market Wrap: SEPLAT, two other heavyweights soar as ASI rakes in 2,708 points; banking sector recovers 

June 22, 2025
Next Post
Burna Boy, Wizkid others shines at AFRIMA award in Senegal

Burna Boy, Wizkid, others shine at AFRIMA Award in Senegal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • SEC tenure rule: Panic grips capital market operators 
  • Denmark increases salary requirements for foreign workers and residence permits effective July 1 
  • Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 

Follow us on social media:

Recent News

SEC warns Nigerians against investing in Risevest and Stecs  

SEC tenure rule: Panic grips capital market operators 

June 23, 2025
Denmark

Denmark increases salary requirements for foreign workers and residence permits effective July 1 

June 23, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics