The British High Commissioner to Nigeria, Paul Arkwright, has pointed out the need to improve the ease of doing business in Nigeria in order to strengthen investment confidence in the country.
Arkwright stated this as he attended the Nigerian Stock Exchange (NSE) for closing gong ceremony yesterday, adding that Nigeria is too low on the index of ease of doing business which is companies must be confident of before they could bring in their investment.
According to him, “foreign companies also want to be sure that they can easily take their returns anytime and that is where the issue of foreign exchange comes in.”
On the approach of the United Kingdom (UK) to improve capital market in Nigeria, he said his office had already taken steps to encourage companies in the UK to invest in Nigeria.
“There is a very strong partnership between the United Kingdom and Nigeria. It is an important part of my job to encourage British companies to come and invest here, despite that the market reflects the difficult economic situation.
