The Chief Investment Officer of Honeywell Group (HGL), Otu Hughes, has said strategic and progressive policy formulation is vital for increased local and foreign direct investments to scale national economic growth.
He said this during a chat with journalists at the 28th Nigeria Economic Summit, convened in Abuja recently by the Nigerian Economic Summit Group (NESG).
According to a 2022 World Bank Report on Nigeria’s poverty assessment, as many as four in ten Nigerians live below the national poverty line.
However, a recent report by the United Nations Multidimensional Poverty Index (MPI) reveals that lifting 100 million Nigerians out of multidimensional poverty by 2025 is still achievable.
Hughes, who emphasized the need for dialogue between public and private enterprises, explained that it is important to cushion the volatility of the foreign exchange market to help local and foreign direct investors make sound investment decisions.
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