SEC Budget Impasse May Hinder FDI

The failure by the lawmakers to pass the 2013 budget for the Securities and Exchange Commission (SEC) may lead to a stoppage of the Foreign Direct Investment (FDI) inflows to the country.

Capital market operators made the revelation to the News Agency of Nigeria (NAN) on Friday, saying that the impasse might affect the confidence of foreign investors in the country’s economy.

he Managing Director, Compass Securities Ltd., Mr. Emeka Madubuike, said the decision of the National Assembly could scare away investors from the market.

Madubuike said that foreign investors would have doubts in investing in the market if the current impasse was not resolved immediately.

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2 Comments

1. 

   DEC 19TH

   January 5, 2013 at 3:32 pm

   Those cowards that called themselves lawmakers are just interested in themselves.
2. 

   walerich

   January 5, 2013 at 8:59 pm

   The house members should swallow their pride and approve the budget. Place the interest of this country above yours. If you think the woman wronged you, take her to the court. Stop holding Nigeria stand still.