VENTURES AFRICA – Despite Boko Haram’s brutality, global
markets remain attracted to Nigeria. The country was ranked
number one on the Frontier Markets Sentiment Index which tracks
the level of interest by US and European companies in emerging
markets. Twice the numbers of companies were interested in
investing in Nigeria than in Vietnam and Turkey – number two and
three on the list, respectively. Over the past 18 months—during
which of wave of insecurity has emanated out of Northern Nigeria,
positive corporate sentiment has actually increased.
The existential crisis that many observers have predicted has failed
to materialize and corporations continue to explore new
opportunities in the country. Global accounting firm, KPMG has
reported that Nigeria is the number one investment destination
inquiry for the firm.
Digging deeper into the market trends, Nigeria’s continued strong
performance is less mysterious. The attractiveness of Nigeria is
bolstered by significant structural change. In May, Nigeria
surpassed South Africa as Africa’s largest economy, positioning the
country as the true gateway to commercial success on the
continent. Nigeria, with its large and young population, has grown at
around 7 percent for the past three years and is projected to
continue growing at that rate or faster for the coming decade. Rapid
urbanization and the gradual formalization of the labor force will
make Nigeria’s pension funds a formative local (and global) investor
. It has already caught the eye of some global investors. The
country received nearly $6 billion of foreign direct investment in
2013
. Ernst & Young says the country has attracted the most foreign
direct investment in sub-Saharan Africa since 2007.
Adding to this is the potential of unlocking Nigeria’s power sector
through a massive reform push that has been in the works for nearly
a decade. If successful, power privatization in Nigeria will
significantly reduce the cost of business across the economy,
potentially catapulting growth to 15 percent. By doubling current
generating capacity, the privatization may prove to be the single
most impactful reform on the continent in the past 50 years.
However, the positive investment trajectory may not be smooth –
there will be ups and downs. The reduction in Nigeria’s oil
production last year equaled that of the combined production of
Ghana, Congo-Brazzaville, Cameroon and Gabon. Amidst a currency
crisis, yields on Nigeria’s debt has risen substantially over the past
few months, reflecting a degree of uncertainty among some
international investors and concentrating interest in Naira-
denominated debt among local, more risk averse investors. Next
year’s elections will likely intensify this effect and add volatility to
the outlook. Many Nigeria watchers are still reeling from the
controversial suspension of former Central Bank Governor Lamido
Sanusi and the inability of the government to track down the
missing $10 billion.
Nigeria today, with all its complexities, reflects the reality of large,
unwieldy, democratic, emerging markets. The country’s messy
growth reflects the economic and social development of many other
drivers of global growth such as India, Indonesia, Turkey and Brazil.
We remain bullish on Nigeria and continue to help companies do
business in Africa’s most important economy. We believe that
companies that don’t figure out how to do business in Nigeria
through its growing pains will risk missing out on a major source of
global growth.

www.ventures-africa.com/2014/07/nigeria-and-the-complexities-of-growth/

Good development.

We may go true difficult times now but we are pulling it a stronger and more resilient country.

APC please come and tell us ur own.

The Africa giant and largest economy, if you don't invest in her now you are probably sitting on a longest thing, cos that country Nigeria is the soon to be Africa super power. Max levchin paypal CEO

Absolutely true! If you wait for when the coast will be clear, it probably would be too late by then.

Demburrows: The Africa giant and largest economy, if you don't invest in her now you are probably sitting on a longest thing, cos that country Nigeria is the soon to be Africa super power. Max levchin paypal CEO

is that why paypal is only allowing us to pay and pay, but disallowing us from receiving? I guess it is time we stamped our feet on the ground and say no to this exploitation by these white men.

I congratulate my president anyway for this unexpected turn of event. Boko haram and their sponsors thought they would cripple nigeria, but it is clear things aren't playing out according to their demonic script. It is however clear most of the economic boost (if not all) will stay in the south; since fear of boko haram in the north is the beginning of wisdom for investors.

tonytony208:

is that why paypal is only allowing us to pay and pay, but disallowing us from receiving? I guess it is time we stamped our feet on the ground and say no to this exploitation by these white men.

I congratulate my president anyway for this unexpected turn of event. Boko haram and their sponsors thought they would cripple nigeria, but it is clear things aren't playing out according to their demonic script. It is however clear most of the economic boost (if not all) will stay in the south; since fear of boko haram in the north is the beginning of wisdom for investors.

. I believe they are working on that, according to a report from a foreign media, they gonna need the approval of the fed gov to instill the crediting plaform. But there is a rebelling shadowy going on from other money transfer mediums (master card, interswitch visa et al) cos they know the hard competitiveness it entails bringing paypal down here.

Demburrows: . I believe they are working on that, according to a report from a foreign media, they gonna need the approval of the fed gov to instill the crediting plaform. But there is a rebelling shadowy going on from other money transfer mediums (master card, interswitch visa et al) cos they know the hard competitiveness it entails bringing paypal down here.

Atleast the whole tin meks sense now. The shld try get d approval fast!

Demburrows: . I believe they are working on that, according to a report from a foreign media, they gonna need the approval of the fed gov to instill the crediting plaform. But there is a rebelling shadowy going on from other money transfer mediums (master card, interswitch visa et al) cos they know the hard competitiveness it entails bringing paypal down here.

A link to the foreign media report would be appreciated.

In another news: ghanaians are flooding to Nigeria

Nigeria Is the Economic hub of Africa, so no matter what happens, Nigerian Economy would always thrive.

Hm

Ghana dey the list
Them try for this one



Finest boy said so.

Meanwhile when Ghana was goin for gold

smackimorn: .

Bro, what is this nah

chimoz:
Bro, what is this nah

Shooooooo

I dey book space la

smackimorn:

Shooooooo

I dey book space la

Your mate done build house finish and you still dey buy land for Seun street. Dull boy.

chimoz:
Your mate done build house finish and you still dey buy land for Seun street. Dull boy.

Nna eh
Brilliant boy, how many land u get?

smackimorn:

Nna eh
Brilliant boy, how many land u get?

I have a job and a future

chimoz:
I have a job and a future

Olodo, u didn't answer my question

Shey na me wey no get future?

Ewu

smackimorn:
Olodo, u didn't answer my question

Shey na me wey no get future?

Ewu

Future for Nairaland land encroaching.....guy you still dey learn.
Onye chibok

chimoz:
Future for Nairaland land encroaching.....guy you still dey learn.
Onye chibok

Itiko



Iti!!!!!!!

smackimorn:

Itiko



Iti!!!!!!!

But wait oooo...is that really you on your pix?

chimoz:
But wait oooo...is that really you on your pix?

Ya

Werin happen