The Managing Director, Cowry Asset Management Limited, Johnson Chukwu, has called for the creation of a conducive environment as well as appropriate fiscal incentives if Nigeria is determined to attract Foreign Direct Investments (FDI).

Chukwu, who disclosed this in his presentation at the February 2022 bi-monthly forum of the Finance Correspondents Association of Nigeria (FICAN), in Lagos, noted that investors are interested in a large and skilled labour market free of union and government control.

According to him, Foreign Direct Investors will go to a country with a stable macroeconomic policy environment with low or moderate inflation as well as stable interest rates or predictable exchange rates.