Peter Obi, the Presidential Candidate for the Labour Party in the 2023 General Elections, has proposed strategic measures to address the exodus of multinational companies from Nigeria, estimating the nation has lost N95 trillion over the past five years.
Speaking via his official X handle on Monday, Obi emphasized the urgent need to create a conducive business environment to attract and retain investments.
According to Obi, the key to tackling this challenge lies in enhancing Nigeria’s business climate.
He stated, “This includes prioritising security, stabilising our policies and reducing energy costs.”
These measures, he believes, are crucial for fostering an environment that supports sustainable economic growth and investor confidence.
Furthermore, Obi stressed the importance of “cultivating a culture of transparency, accountability and good governance.”
He argued that these principles are essential not only for attracting multinational corporations but also for stimulating local entrepreneurship and innovation.
Obi expressed optimism about Nigeria’s potential to become a leading business destination in Africa and the world.
He urged unity in transforming the nation into a hub that attracts global investments, stating, “Together, we can make Nigeria a beacon of hope and progress in Africa and the entire world.”
His proposals come amid growing concerns over Nigeria’s economic stability and the departure of multinational companies seeking more favorable business environments.
Obi’s vision aligns with efforts to rejuvenate Nigeria’s economy by addressing systemic challenges and promoting sustainable development across all sectors.
As discussions on economic reform continue, Obi’s recommendations provide a significant contribution to ongoing efforts aimed at positioning Nigeria as an attractive investment destination and fostering inclusive economic growth nationwide.
His tweets read, “This includes prioritising security, stabilising our policies and reducing energy costs.
“We must also cultivate a culture of transparency, accountability and good governance.
“We can build an economy that benefits all Nigerians. Let us unite to transform Nigeria into a nation conducive for business and attractive to investment.
“Together, we can make Nigeria a beacon of hope and progress in Africa and the entire world.”