MTN fines: Don’t chase foreign investors away , NESG tells FG

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Wednesday, September 19,2018

The Nigerian Economic Summit Group (NESG) has urged the Federal Government not to discourage foreign capital flow to the country as it deals with infractions of corporations.

CEO of the group, Mr Laoye Jaiyeola, stated this while responding to questions from journalists at a press conference on plans for the 24th edition of the Nigerian Economic Summit in Abuja yesterday.

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He said while “the MTN case is still in court and we need to be very careful but as private sector, we will urge that everything must be done in order not to discourage foreign capital flow to Nigeria much as we do encourage those that come to the country to abide by the laws of the land.”

He said investors should be encouraged to bring in capital to the country and the NESG will continue to work with and encourage government to provide an environment for foreign capital growth.

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