By Stella Obi
Financial and tax experts have called for consistent and sustainable investment policies to attract domestic and foreign capital, expand businesses, create jobs and strengthen Nigeria’s economy.
They made the call at the National Tax and Economic Conference, themed “Investment Strategy: Nigeria 2027 and Beyond,” held in Lagos on Oct. 9.
Speaking at the conference, Anambra born chartered accountant and fiscal reform advocate, Chief Blakey Okwudili Ijezie, said Nigeria needed policies that promote economic diversification, encourage private sector participation and create a more favourable business environment.
Ijezie identified policy consistency, tax reforms, infrastructure development and access to finance as key factors influencing investor confidence and business expansion.
He highlighted the link between taxation and investment, noting that a transparent and predictable tax system would enable businesses to plan effectively while helping the government generate revenue for infrastructure and essential public services.
Contributing to the discussion, the Managing Director and Chief Executive Officer of Morgan Capital Investment Limited, Mr. Chukwudi Nga, outlined diversification, analysis, allocation, review and discipline as essential principles of investment management.
Nga cautioned investors against concentrating their funds in a limited range of assets, particularly land and shares, urging them to assess investment opportunities carefully and diversify their portfolios to manage risk.
He advised prospective investors to ask critical questions and understand the risks involved before committing their money to any investment.
The discussions underscored the importance of predictable economic policies, effective tax administration and informed investment decisions in supporting sustainable growth and expanding economic opportunities in Nigeria.
Stella Obi is of the Ministry of Information and Value Reformation, Anambra State
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