A Professor of Business Administration (Finance and Capital Markets) at the Nasarawa State University, Keffi, Prof. Abdul Adamu has urged governments at all levels and the citizens in general to prioritise savings for investment purposes in order to boost the economy of the nation.
According to him, saving to invest in Nigeria’s economy will ensure its speedy growth and attract foreign investors to the country.
Prof. Abdul Adamu who is from the department of Business Administration at NSUK, stated this on Thursday during his Inaugural Lecture, the 62nd in the series of the university, while speaking to the topic, “Reimagining Nigeria’s Finance In Flux: The Savings-First Investment Paradigm.”
Presenting his lecture, Adamu noted that the global financial crisis of 2009 and other notable financial challenges that Nigeria had passed through since then served as an inspiration to him to speak about the topic, noting that Nigeria’s finance flux, had been a permanent volatility in the Nigerian markets.
He said, “Over time, what we have seen is, we wait until most of these things happen before we devise policies to tackle them. So what the lecture is saying is that, in some of our studies, we found out that foreign investment causes manufacturing firms to grow.
