Poor Govt Policies Hinder Investors from Coming to Nigeria –  Sparkle CEO hints

Uzoma Dozie, Chief Executive Officer, Sparkle, a fintech company, has said that poor government policies are responsible for investors’ apathy in the Nigerian economy.

Dozie said this recently on Arise News in response to the looting and vandalism in Kano State resulting from the #Endbadgovernance Protest which began August 1, 2024.

According to the CEO, the country’s protest is a reflection of the economic situation in Nigeria.

He said no economy can develop without social infrastructure.

He said, “We have to look at that social infrastructure in Nigeria? How do we build it so that we can prevent this kind of thing happening? Because these are also disruptive to economic prosperity.

“Businesses have shut down for a couple of days, and this is the kind of thing that, and when you think that a huge percentage of the workforce in Nigeria relied on day-to-day income generation.

“So I think it’s a clarion call to our leadership to start looking at how do we prepare for this from happening?”

The Sparkle CEO said investors are looking for opportunities to invest in environments that guarantee good government policies.

Dozie said, “Nigeria is sweet because there is plenty of problems, plenty of opportunities to solve them and you don’t need the government to bring the money. You need government to come up with policies that will create trust and transparency and people will come into the country.

“You have 66 per cent penetration of smartphones which is not up to 100 per cent. That means you need devices and you need people to come and manufacture.

“Nobody won’t want to come and manufacture phones in an economy that allows them to profit and also make an impact.”