What Nigeria’s Foreign Exchange Reforms Mean for Foreign Investors and Profit Repatriation
Foreign direct investment is only as attractive as an investor’s ability to realise and repatriate the returns on that investment. In Nigeria, foreign exchange instability, liquidity constraints, multiple exchange-rate windows and opaque administrative practices have long made the certainty and ease of profit repatriation critical considerations in investment decisions. For foreign investors, the ability to convert returns into foreign currency and transfer them offshore is therefore a fundamental investment-risk consideration.