Lack of Trust By Investors Slowing Nigeria’s Economy – Utomi

Pat Utomi

Nigerian professor of political economy, Pat Utomi, and the CEO of Linklegal Consulting, Prof. Ademola Abass, have said the lack of investors’ trust is slowing the economic growth of Nigeria, despite the enormous investment opportunities.

Speaking at the launch of an investment advisory provider; Linklegal, Pat Utomi said that the country must first be business-friendly to encourage citizens set up businesses in Nigeria rather than outside the country due to the fear of the unknown in the country.

He called on political leaders to be more visionary in governance, citing that the transformation of Dubai happened because the country had visionary leaders.

In his remarks, the CEO of Linklegal, Abass, said the company was established to change the narrative with respect to the unfriendly business environment and to bridge the gap between investors and Nigeria.

Also, a retired Managing Director/Chief Executive of UACN Property Development Company Plc, Mr Hakeem Ogunniran, said insecurity was a major drawback to investing in the country and should be addressed.

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