2015

Guest lecture by Mr.JOHNSON Olawale David

Mr. JOHNSON Olawale David, Department of Economics, Covenant University, Nigeria, in his talk to SDMIMD students said that Nigeria has proven that though she was seen as corrupt, mismanaged, and seemingly hopeless, she can rise above the negativism to become the largest economy in Africa with over $574 billion in Gross Domestic Product. With over 80% of its fiscal revenue from Crude Oil, the recent fall in oil price means that the largest economy in Africa could be in dire strait. Haven maintained a growth rate of about 6%, many have argued that Nigeria's growth has not carried Nigerians along as inequality of wealth distribution is extreme. With similarities in terms of large population and economic structure, Nigeria and India have grown to be great trading partners. He affirms that India is Nigeria's largest trading partner importing the largest amount of Nigeria's crude oil. He emphasized that, as developing economies with the hope of leapfrogging the stages of development, the two countries must create jobs, strengthen their macroeconomic framework, improve their investment climate, complete structural reforms and so on.

Invited Talk by Dr. Md. Shah Alam of Bangladesh

Dr. Md. Shah Alam, Professor, Rajshashi University, Bangladesh delivered a lecture to the students on November 20, 2015 on the topic of “Incentives for Attracting Foreign Direct Investment in Bangladesh.”. Developed nations will not invest in developing nations like India or Bangladesh unless there was a personal interest or motive.” Since production costs are very low in developing nations like India and Bangladesh, developed nations set up production units and make investments in such countries. To attract more FDI to Bangladesh, fiscal incentives such as corporate tax holiday of 5 to 7 years, and reduced tariff on import of raw materials are extended. This is in addition to several financial incentives by the Bangladeshi Government.  Additional facilities like granting of 100 percent foreign equity in identified sectors, unrestricted exit policy are also being implemented. Despite the Government incentives, FDI inflows to Bangladesh are still inadequate.