Source: Vanguard (Lagos)

By Emma Ujah

Economies of West African countries have, for long remained in the doldrums, largely due to the inability of the sub-region to mobilize internal savings to create the necessary pool of investment funds, on the one hand, and lack of a conducive investment climate to attract Foreign Direct Investment (FDI). The collaboration between the Economic Community of West African States (ECOWAS), the-London based Commonwealth Business Council, and the national government is, therefore, aimed at removing all obstacles to the desired massive investment by foreigners in the sub-region.

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Posted by pichu at February 12, 2007 1:22 PM