A former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has said that he would be scared to invest in the country as a foreign investor- DAILY POST reports. Information Guide Nigeria
Moghalu revealed this on Thursday in a statement via his verified Twitter handle.
His statement is coming on the heels of a slump in the Foreign Direct Investment (FDI) into the country, which according to him “is down to the lowest levels in nine years”. JAMB Result
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Moghalu decried that the country had so much potential but was “mismanaged economically.” NYSC Portal
He wrote, “It is not surprising that Foreign Direct Investment (FDI) into Nigeria is down to the lowest levels in 9 years. If I was a foreign investor I would be very scared to invest in a country with so much potential but which has been so mismanaged economically.” JAMB Portal
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