Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has revealed that the lack of a liquid foreign exchange market is a key reason why multinational companies are exiting Nigeria.
In a recent interview during the weekend, Mr. Edun acknowledged that the government is working to improve the economic and investment climate to attract more multinationals to the country.
The Honourable Minister mentioned that a proposal aimed at simplifying things for both local and foreign manufacturers is part of an Economic Stabilisation Package currently before President Bola Tinubu.
He emphasised that while companies may come and go, the government’s goal is to create an environment that encourages investment and attracts more multinationals.
Mr. Edun acknowledged the challenges facing the country but expressed optimism that with the right environment in place, multinationals will be attracted to invest in Nigeria.
