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Home Economy

FG implementing reforms to attract more investments – DMO

Business 360 by Business 360
December 20, 2021
in Economy
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FG borrowed N1.3tn in four years to subsidise power consumers, firms – World Bank

The Debt Management Office has said the Federal Government is implementing several reforms to attract more investments into the country. The Director-General, DMO, Ms. Patience Oniha, said this during the third edition of Coronation Merchant Bank’s virtual interactive session series, themed, ‘Nigeria moving beyond COVID-19 – Opportunities for investors.

While delivering the keynote address, she said the Nigerian economy remained resilient despite economic and social headwinds elicited by the pandemic.

According to her, the composition and diversification of the country’s Gross Domestic Product and revenue base make for more stable growth going forward. She said, “The Nigerian government has introduced several reforms, which are being implemented to attract more investments, grow and further diversify the country’s GDP and revenue.

“Nigeria remains open to investment opportunities, which exist in securities (in the domestic and international markets) and direct investments in various key projects across the country. The government also encourages public-private partnerships.” The Senior Vice President, FMDQ Group, Emmanuel Etaderhi, said, “Countries borrow for very valid reasons, mostly to put them in a stronger position in terms of their economic strength.

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