A tweep, Somachi Asoluka [who tweets via @somakudi] yesterday listed reasons why Nigeria is getting the bounce from foreign investors and its neighbours are getting all the Foreign Direct Investment (FDI) juice.

See below:

After the #IMFMeetings and others this past week in DC, it's crystal clear that there is HUGE global capital seeking investment destinations

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

Ghana has just renewed a $500million grant with MCC (development arm of US State department), because it excels on their investment criteria

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

Criteria?
1) Governance (transparency, rule of law)
2) Investment in human development (education, immunization)
3) Biz friendly policies

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

If it's difficult to do business in your country, you're not eligible for any of their grants, investments, nada. Guess who's not eligible?

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

According to a leading global bank CEO: "we're intellectually fascinated by Nigeria but wary about the level of maturity of its politicians"

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

Next day, another investor confessed he preferred Francophone Africa, esp Côte d'Ivoire (whose President was commended at #USAfricaBizForum)

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

I laughed when Kemi Adeosun was telling investors we don't want iPhones, but bridges. See your moth. Who was even giving you iPhones though?

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

?????

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

Every single meeting, the feeling was the same: Nigeria, great potential but no thank you.

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

So when government media officials try to deceive you that we were destined to be in this economic depression, tell them that's not true.

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

It's the 21st century. No free movement of people yet, but there's free movement of abundant capital which goes to where it's treated best.

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

If we like let's keep singing about low oil prices and no savings while these small neighbors of ours industrialize their way to prosperity.

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

By the way, MCC investment in Ghana is exclusively for its energy sector. They also supported Côte D'ivoire become a net exporter of energy.

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

Cote d'ivoire is also working to process its cocoa & diversify its economy. They're not going to struggle with finding the right investors.

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

Could say a lot more but there's little no need to. I think I've made the point.

— Somachi ChrisAsoluka (@SomaKudi) October 8, 2016

So, there you have it!