Nigeria ranks 4th with 35% on investment return in the world – BOI MD

The Acting Managing Director of the Bank of Industry (BOI), Waheed Olagunju, said Nigeria ranked fourth with 35 per cent on return investment in the World.
Mr. Olagunju said this on Saturday in Lagos on the sidelines of BOI media parley titled: “Sustaining Nigeria’s industrial sector growth through impactful partnership’’.


He said that a lot of countries are in competition for investment resources.
According to Mr. Olagunju, the return on investment is much higher in Nigeria than other countries.
He said that return on investment should not be taken for granted, adding “we should try and de-risk our environment, improve on climate and continue to take measures by increasing our ranking in doing business.

“Industrialisation is a multi-faceted process, no single agency can capsulate industrialisation of any country, so all hands must be on desk.
“In terms of investment returns, we have rank number four with 35 per cent.
“Nigerians might go to other countries where they have 15 per cent return on investment where the risks are not has high as Nigeria.