Twitter: We need foreign investors to boost Nigeria’s ailing Economy – Makinde

Twitter: We need foreign investors to boost Nigeria’s ailing Economy – Makinde


A member House of Representatives ,Abiola Makinde on Friday expressed worries over what he described as unfortunate development whereby international investors choose other African countries to establish branches of their companies instead of Nigeria, despite her population and other resources.

Makinde ,representing Ondo East / Ondo West Federal Constituency at the House of Representatives stated this on his official twitter handle.

According to the lawmaker, Nigeria needs those establishments to grow her  economy and create more jobs for the citizenry.

Twitter’s announcement last Monday to set up its first Africa base in Ghana did not go well with many Nigerian users who trended the development on the platform.

The Twitter CEO, Jack Dorsey, in a statement announcing the decision, described Ghana “as a champion for democracy, a supporter of free speech, online freedom, and the Open Internet.”

Similarly,  Hyundai and KIA, South Korean multinational automotive manufacturers, announced on Thursday that they are set to establish assembly plants in Ghana by the end of 2022.

Alan Kyerematen, Ghana’s minister for trade and industry, announced the development in a tweet.

He said the carmakers will join automobile manufacturing companies such as Toyota-Suzuki, Nissan, Kantanka, Volkswagen and Sinotruck that have already established vehicle assembly plants in the country.

Reacting , Makinde said “Nigeria lost Twitter African headquarters to Ghana and that of Amazon to S/Africa.

Hyundai & KIA are set to establish assembly plants in Ghana to join Toyota,Nissan, Volkswagen & Sinotruck.

We need all these Foreign Direct Investments we are missing to boost our ailing economy.

With a dwindling oil revenue, FDIs in manufacturing,ICT, trade, agric & mining sectors are what can boost our revenue base, bring in foreign exchange and provide employment.

With our population & economy, we should ‘ve been the first African destination for these global firms.”

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