Foreign investment can be attracted to Nigeria through
Answer Details
Foreign investment refers to the investment made by foreign entities in the economy of a country. To attract foreign investment in Nigeria, the government can review its tax policy to make it more favorable to foreign investors. By reducing taxes on businesses, foreign investors would be more likely to invest in Nigeria as it would make their investments more profitable. Additionally, the government can review interest rates to make borrowing easier and more attractive for foreign investors. Revaluation of the naira may also make Nigeria's goods and services more expensive for foreign investors, which may make them less likely to invest. Finally, the government can review its naturalization policy to allow foreign investors to become citizens more easily, which would provide them with greater security and stability in their investments.