Unrealistic Words?: "Buhari says Nigeria will join world’s most attractive investment destinati
- SitiTalkBlog
- Sep 21, 2016
- 1 min read
Photo Credit: Public Domain
Realistically, if Nigeria started today to fix its collapsed economy and completely broken down systems, most likely it will still take significant time beyond "soon" for it to recover, rebuild and gradually begin to convince foreign investors that rationale economic policies (yet to be implemented) will be the norm in the country.
Yet in the usual unrealistic and rootless words of a typical African ruler, former dictator and now President of Nigeria, has announced to the world that Nigeria will join world's most attractive investment destinations soon," as reported by DailyPostNigeria.
DailyPost also reported that "The President gave this assurance to a large gathering of political and business leaders from the United States, Africa and other regions of the world at the Second United States-Africa Business Forum in the New York, on Wednesday, organized by the United States Department of Commerce and Bloomberg Philanthropies."
As always, talk is cheap...seeing is believing. Basically, Buhari's unsubstantiated optimism was likely not embraced by the economic world as the Naira "depreciated against the three major currencies in all the segments of the Forex market, the News Agency of Nigeria (NAN), reports. At the Interbank market, the Naira fell by 0.25 points to exchange at N310.08, from N309.83 posted on Tuesday." (DailyPostNigeria)
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