History Is Against Nigeria – Muda Yusuf - eritvnews

History Is Against Nigeria – Muda Yusuf


Muda Yusuf has said that history is winding up against the failed contraption called Nigeria.  He pointed out that the inconsequential government’s approach in holding trusts have cost Nigeria an arm and the leg.

He explained that Nigeria’s quest to attract foreign investment inflow will continue to be a mirage, as he noted that the contractual obligations and agreements are not respected by the government.

Muda Yusuf, Director-General, Lagos Chamber of Commerce and Industries, LCCI said. Speaking at the Vanguard Economic Discourse, held in Lagos last weekend, Yusuf said that the history of compliance to contractual agreement especially from government, is not a good story and infractions incurred by the government discourage investors.

In his words, The history of compliance to contractual agreement especially from government is not a good story. We have had issues. How successful is the Public Private Partnership arrangement in the country? “We had the concession on Lekki – Epe road, which did not work as expected.

We had the Lagos – Ibadan expressway concession. We had the MM2. There were issues in all, even the NLNG. Only recently the NLNG Act was amended and some clauses were inserted, which were not there initially. ‘‘All these things have a way of discouraging flow of foreign investments.