IGP, Mohammed Abubakar
Former President, Association of National Accountants of Nigeria (ANAN), Samuel Nzekwe, Saturday advised the Federal Government to provide adequate security to attract foreign direct investment into Nigeria.
Nzekwe told the News Agency of Nigeria (NAN) in Lagos that security was necessary to boost foreign investors’ confidence in the country.
He said that sufficient security would also encourage Nigerians in the Diaspora to return home to invest, adding that this would increase the tempo of business activities in the country.
“There should be deliberate efforts by government to ensure enough security because these are veritable tools to achieve sustainable development in the country, ’’ he said.
According to him, the persistent kidnapping, armed robbery and unstable economy will discourage the inflow of foreign direct investment.
“ The government needs to create enabling environment and tackle the problems of kidnapping and armed robbery to make the economy stable for foreign investors.
“As long as the government could not solve the problem of enabling environment and reduce crime rate, there would be persistent loss of foreign investment,” he said.
He said no investors would be willing to invest their money in an environment where investments were not safe.