Chinese Traders: Economist, Yusuf calls for urgent policy review of Nigeria’s retail sector

Popular Nigerian economist and fiscal analyst, Dr Muda Yusuf, has said the information of Chinese and different overseas traders successful Nigeria’s retail and organisation assemblage demands urgent argumentation intervention.

He made this disclosure successful a connection on Sunday.

His remark comes arsenic Nigerian traders protested against the information of Chinese traders successful Nigeria’s retail market.

The improvement has been trailed by mixed reactions implicit the past week.

Giving an adept position connected the development, Yusuf said the inclination raised important issues astir employment protection, just competition, concern policy, and the integrity of the country’s migration and concern licence regime.

According to him, Nigeria should stay unfastened to overseas investment, but openness should not mean an lack of strategical boundaries.

He called for a broad reappraisal of the regulatory model governing overseas information successful Nigeria’s retail economy.

“Investment argumentation indispensable separate betwixt activities wherever overseas information brings further capital, technology, skills, productive capableness and exports, and activities wherever unrestricted overseas information could unnecessarily displace home enterprises and employment.

“Foreign concern should be...