Meaning: The quote "We will as soon as possible reexamine our laws and policies and eliminate all obstacles to genuine investment" by Olusegun Obasanjo, a Nigerian statesman, reflects a commitment to creating an environment conducive to investment. This statement encapsulates the idea that a country's laws and policies should be periodically reviewed and revised to facilitate genuine and productive investment, thereby fostering economic growth and development.

Olusegun Obasanjo, a prominent figure in Nigerian politics, served as the President of Nigeria from 1999 to 2007. Throughout his tenure, he advocated for economic reforms and initiatives aimed at attracting investment and promoting sustainable development. His quote underscores the importance of continuously evaluating and removing barriers that may hinder genuine investment in the country.

The notion of reexamining laws and policies aligns with the concept of regulatory and institutional frameworks that govern investment activities within a country. These frameworks encompass a wide range of laws, regulations, and administrative procedures that impact the investment climate. By expressing a commitment to reexamine these elements, Obasanjo emphasizes the need for a proactive approach to creating an enabling environment for investment.

The term "genuine investment" within the quote implies a focus on attracting investments that are substantive, long-term, and contribute to the overall economic well-being of the country. This distinction highlights the importance of differentiating between speculative or short-term investments and those that have the potential to generate sustainable economic benefits. By emphasizing the removal of obstacles to genuine investment, Obasanjo underscores the significance of fostering an investment climate that is conducive to productive and enduring economic activities.

In the context of Nigeria, the quote may be seen as a call to address barriers that hinder genuine investment, such as bureaucratic red tape, legal uncertainties, inadequate infrastructure, and political instability. These obstacles can deter both domestic and foreign investors from engaging in long-term, productive ventures. By committing to eliminating such impediments, the quote reflects a proactive stance towards creating an investment-friendly environment in Nigeria.

Furthermore, the quote conveys a sense of urgency, as it emphasizes the need to act "as soon as possible." This sense of urgency underscores the importance of timely and decisive action in addressing obstacles to genuine investment. It signals a recognition of the dynamic nature of the global investment landscape and the need for agility in adapting to changing economic conditions.

Overall, Olusegun Obasanjo's quote encapsulates a vision for fostering a conducive investment climate by reexamining laws and policies and removing obstacles to genuine investment. It reflects a commitment to creating an environment that attracts substantive and enduring investments, thereby contributing to economic growth and development.

While the quote is attributed to a specific individual, its message resonates beyond its immediate context, conveying a broader principle that applies to countries seeking to enhance their investment climates. The idea of periodically reevaluating laws and policies to ensure they facilitate genuine investment is relevant to many nations striving to attract and retain productive investments. By recognizing the importance of this principle, policymakers and stakeholders can work towards creating an environment that fosters sustainable economic development and prosperity.