NairaNews: The gap between the official exchange rate and the black market rate has widened significantly since Buhari took office. Currently, the official rate is about $1/N467 but trades at an average of $1/N750. CurrencyExchange Nigeria
Posted on May 24, 2023 09:52
President Muhammadu Buhari is one of Nigeria’s most travelled presidents, having visited 43 countries – some more than once – in search of foreign direct investment since taking office in 2015. However, on his watch, FDI dropped from $1.45bn in 2015 to $468.91m, a decrease of 213%. “Security assistance, combating corruption, increased foreign direct investment, power and energy” were focus areas, said a spokesperson.Weakening naira, insecurity, poor policies… Why Nigeria’s FDI declining
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