Business
Nigeria’s return on investment ranks 4th on global scale
The return on investment in Nigeria’s business environment is encouraging, and much higher than other countries, coming fourth on the global scale.
This was disclosed on Saturday by the Acting Managing Director, Bank of Industry (BOI), Mr Waheed Olagunju, who stated that the country records 35 per cent on return investment.
He spoke with newsmen in Lagos at media parley organized by the bank titled: “Sustaining Nigeria’s industrial sector growth through impactful partnership.”
According to him, a lot of countries are in competition for investment resources, and return on investment should not be taken for granted.
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He advised that, “we should try and de-risk our environment, improve on climate and continue to take measures by increasing our ranking in doing business.
“Industrialisation is a multi-faceted process, no single agency can capsulate industrialisation of any country, so all hands must be on the deck.
“In terms of investment returns, we have ranked number four with 35 per cent.
“Nigerians might go to other countries where they have 15 per cent return on investment where the risks are not as high as Nigeria.
“So we have to put all those things into consideration by ensuring that we promote industrialisation and transform the Nigeria economy within the shortest time possible”, he said.
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