Nigeria is a strategic market that cannot be avoided by global investors, Ms Mipe Okunsehinde, senior associate at Covington and Burling LLP in Washington, United States, has said.
The Harvard-trained lawyer and Risk Assessor said Nigeria needed robust and stable trade laws to facilitate uncomplicated establishment of new businesses and maintain existing ones. A stable business policy, she said, will encourage start-ups to grow faster and guarantee investors’ confidence in the economy.
Ms Okunsehinde spoke to women and youth entrepreneurs on Risk Assessment and Shaping Successful Business Development Plans yesterday at a lecture organised by the Public Affairs Section of the United States Consulate in Lagos.
She said: “There is a need for Nigeria’s engagement to be more robust; the country must update its trade laws to reflect the realities of digital technology-driven and modern knowledge-based economy in today’s world.”
U.S. Consulate Public Affairs Officer Mrs Dehab Ghebreab said development of entrepreneurship was at the heart of American foreign policy. She said the visit by the U.S. Secretary of Commerce Penny Pritzker and members of Doing Business with Africa (DBA) underscored the commitment of the American government to improve business and entrepreneurship in Africa.
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