EFCC Chair: Africa Needs Reforms to Attract Investors
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called for sweeping reforms across Africa to reduce investment risks and attract more foreign direct investment. Olukoyede made the remarks on Friday at the EBII Group African Leaders and Partners Forum in Washington DC, according to a statement by EFCC’s Head of Media and Publicity, Dele Oyewale. He stressed that Africa must embrace “broad-based and radical reforms” to improve the ease of doing business, strengthen the rule of law, and invest in human capital development. He also highlighted the need for strong institutions to address challenges in sectors such as agriculture, renewable energy, and solid minerals. Despite Africa’s vast natural resources and youthful, tech-driven population, Olukoyede said reforms are critical to unlocking the continent’s full economic potential. Showcasing Nigeria’s progress, he cited the EFCC’s record of […]
