By Modupe Gbadeyanka
If Nigeria must get out of recession anytime soon, then Federal Government must come up with policies that will make investments grow.
This was the submission of participants at the Nigerian-American Chamber of Commerce (NAAC) February 17 Breakfast meeting held at the InterContinental Hotel in Lagos.
At the occasion held last Friday tagged ‘Getting Nigeria out of Recession: 2017 Budget and the Business Outlook’, stakeholders when these pro-business policies are put in place, investors will have confidence in the economy, which will contribute to the growth of the economy.
Speaking at the programme, president of NAAC, Mr Olabintan Famutimi, said the FG must address the issue of multiple foreign exchange rates.
At the moment, there are three windows for investors to access forex; banks, bureau de change (BDCs) and the black market and all the platforms sell at different rates.
In his remarks, the Chief Economist at PWC Nigeria, Dr Andrew Nevin, said government must strive to improve the ease of doing business in Nigeria, which is at the moment not encouraging.
Dr Nevin also said government must also work on the forex crisis affecting the economy.
On his part, the CEO of Financial Derivatives, Mr Bismark Rewane, urged the government to float the Naira and pull to pieces the structure gives the parallel market an environment to survive.
