Sidebar

Exclusive Reports

28
Thu, Mar

Top Stories
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

The International Monetary Fund (IMF) says many foreign investors are willing to invest in Nigeria but are apprehensive that they may not be able to retrieve their investment. The Senior Financial Sector Expert, Debt and Capital Market Instruments Division, Monetary and Capital Markets Department, International Monetary Fund (IMF), Miriam Tamene, stated this during a visit by fund’s team to the Securities and Exchange Commission (SEC) in Abuja on Wednesday.


“At the Annual meetings of IMF, we were pleasantly surprised when we saw many investors interested in the securities market in Nigeria.


“A lot of people think that Nigeria is still an investors’ destination, the main concerns most of them had was the fear that they might not be able to take out their money anytime they want to hence they are being very watchful.


“Investors are interested in Nigeria, but with difficulties they had in getting their money out recently, that confidence is not there yet. It has improved though, but they are still watching. It is still so much fragile and not what they can take for granted just yet,” she added.


Tamene urged the federal government to formulate policies that would bring down the inflation rate in the country and increase access to domestic funds to ensure sustained growth of the economy.


According to Dailytrust, the IMF Team was in Nigeria for consultations and to get update on developments concerning all the financial and other key sectors of the Nigerian economy. The report of their consultations is expected to be presented to the IMF Board in February.

BLOG COMMENTS POWERED BY DISQUS