Thursday 18 February 2016

GEJ's Corruption Drove Foreign Investors Away From Nigeria - Lai Mohammed



Information Minister Alhaji Lai Mohammed has defended the incessant foreign travels of president Muhammadu Buhari saying it would aid Nigeria's aid to recovery in terms of respect from other countries.

Said Lai:
“You do not run a country by by being isolated. The personal presence of Mr. President in many of these fora is important because before now we were almost a pariah state. And the issues that have been driving investments away from this country are terrorism and corruption.

“One thing that no body can fault this president for is his determination and strength of purpose in resolving these matters. So, Mr. President’s presence in many of these fora is highly crucial even in fixing our economy back at home.”

“What I mean by Nigeria is a pariah state before now is simply that before now the level of corruption was so high that no body was ready to risk his investment in Nigeria. The cost of doing business was so high that most international business people did not want to come here.

“And of course, who wants to come to a country where there is insecurity to invest? And these are the issues that the president has addressed in the last few months. So, this is what I meant by before now we are almost a pariah state.”

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