Foreign investors in Nigeria’s financial market, during the weekend, bemoaned the contradictory regulations coming from the Federal Government, FG, which they claim is discouraging foreign investors from making investments in Nigeria.

This is even as they pointed out that Nigeria is plagued by different rules and regulations by the apex financial regulatory authority, Central Bank of Nigeria, CBN, and the different arms of government.

CEO Tripeak, Simon Lee, a Hong Kong-based Fintech company said investors are scared of making huge investments in Nigeria due to the wobbling state of rules and regulations which might make investments go up in smoke.

Lee stated during the African Financial Market Conference (AFMC 1.0) themed: demystifying the digital markets in Africa, in Abuja.

According to him, For a country to grow, there must be an increase in productivity. To do that basically, you need to get more things done in less time. So when we talk of revolutionising the Nigerian Market, it means making things more efficient and getting more things done in less time.

Leave a Comment

Your email address will not be published.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