Ex-NACCIMA boss faults Nigeria’s foreign investment, diplomatic trips

• Says they’re unstrategic, wasteful, ineffective
Erstwhile president of the Nigerian Association of Chambers of Commerce and Industries (NACCIMA) and Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has decried Nigeria’s ongoing spree of foreign investment and diplomatic trips, noting that they are unstrategic, wasteful, ineffective and have consistently failed to deliver measurable economic benefits despite heavy public spending.
In a policy document made available to newsmen and titled: “The cultural key: Why Nigerian businesses and government delegations fail abroad – and how to master cross-cultural commerce,” he said successive Nigerian delegations t...