Firm Attracts N1.5bn Investments To Nigeria, Others

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Footprint to Africa, an Abuja-based investor advisory firm and financial news company, has attracted foreign direct investments (FDI) to Nigeria and four other African countries worth over N1.5 billion, where it has partnerships.

The investments are six projects in the oil and gas, agriculture and tourism sectors in Nigeria, Ghana, Sierra Leone, Mozambique and Kenya.

The Managing Director/CEO, Footprint for Africa, Barr. Osita Oparaugo, told journalists in an interview in Abuja that African countries can attract huge foreign investments if they eased doing business conditions, fostered business integrity by respecting business agreements, and fostering continuity in governance policies from one government to another.

Specifically on Nigeria, he said investors’ appetite on Nigeria is not good enough and that the country needed more deliberate policies to attract significant investors.

“Nigeria is perceived as not an investment friendly country. You may not know how Virgin Atlantic was forced out of Nigeria. But we are happy that President Muhammadu Buhari has set up the Presidential Council on the Ease of Doing Business. The issue now is implementation,” he noted.