The advice on foreign portfolio investments

At times, the economic prescriptions by global financial institutions, such as the International Monetary Fund (IMF) and the World Bank, to developing nations like Nigeria have been a bitter pill to swallow. Often, the recommendations don’t yield the desired result. In hindsight, Nigeria has fared worse than better with such prescriptions. That informs the present outcry over the latest advice by the IMF that the Federal Government should impose new taxes on petroleum products and telecommunication services, which the government has rejected.   
However, a recent warning from the financial lender to the federal government not to be carried away by the inflow of Foreign Portfolio Invest...