Former Senate President Anyim Pius Anyim has identified policy inconsistency as a major deterrent for investors in Nigeria. Speaking at the inaugural forum for Secretaries to the Government of the Federation (SGF) and state governments (SSGs) in Abuja, Anyim emphasized the need for stable and predictable government policies to attract investment.

“Policy inconsistency is the primary reason investors are hesitant to enter the Nigerian market,” Anyim asserted. He urged the Attorney-General of the Federation (AGF) to establish a centralized repository for all government records and policies to ensure continuity across different administrations. “A legal framework is essential to define and protect these positions,” he added, advocating for better policy coordination among government entities to enhance governance.

George Akume, the SGF, highlighted that the forum aimed to tackle challenges at the sub-national level. He commended President Bola Tinubu for his “bold” decisions intended to rejuvenate the economy. “Since the start of this administration, Mr. President has introduced significant policies and reforms to revitalize and reposition our economy for the benefit of all Nigerians,” Akume noted. He acknowledged the challenges associated with these reforms but reaffirmed the government’s dedication to nation-building.

Nyesom Wike, Minister of the Federal Capital Territory (FCT), also spoke on the importance of effective policy coordination. “Effective policy coordination and implementation are crucial for achieving the nation’s developmental goals,” Wike emphasized.