Foreign Direct Investment and the rule of Law

The world is a global village. The

United Nations was founded for a purpose.

Every country has a responsibility to look out for itself. 

There are poor and rich nations but all countries are interdependent. The world has a universal language called self interest coated in diplomacy.

There are rules to play by and get by. The better you are at the rules, the farther you go, all things being equal.

I had to lay down the foregoing in view of Nigeria's quest for a strategic minority partner for a national aviation carrier, to takeoff in 2022.

The intended structure is 5% for the Federal Government, 46 percent for Nigerians and 49% for the strategic foreign partner.

In summary, the foreigner, with expertise, experience and clout will be a minority stakeholder.

This is where our reputation comes in. How are we perceived by other countries?

Do we practice the rule of law? Justices Onnoghen and Mary Odili on my mind.

Should a dispute arise in the business, how confident are the foreigners that they would get justice.

In business, it is said that the higher the risk, the higher the returns.

In terms of rule of Law, we are not faring well at all.

The world is a global village. Goings on in Nigeria are well known outside Nigeria.

CNN and the International community are eagerly awaiting the White Paper on the #EndSARS Panel report.

Things like that reassure foreign Investors that their funds are safe. 

For us to get the warm embrace of the world, we must be ready to show that our standards are high and accommodating.

Government must be responsible, responsive and accountable.