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Invest In Nigeria - Business - Nairaland

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Invest In Nigeria by jibovico(m): 8:44am On Oct 17, 2022

It is said that your money is only worth as much as it is worth. What this implies is that your $100 is only worth a $100 until inflation and bank charges set in and then you get poorer. As the bank keeps chiseling your money, you get poorer until there is nothing left. Do you also know that your thousands or millions of dollars kept safe is quite useless unless you make it work for you? How, then, do you prevent the bank from chiseling your hard earned money to make you poorer or make your money work for you? Take it to one of the safest investment haven in the world which is Nigeria. Yes, you read right, Nigeria because you need to “Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing. --J. Paul Getty”

• Nigeria is blessed with a very strong democracy. There are very few countries in the world that can boast of a democracy as strong as Nigeria’s because in just sixteen years into its return to democracy, an opposition party won the general election and came into power. This signifies that Nigeria has strong democratic institutions in place to protect, safe guard and guarantee the investor’s investments.

• Nigeria has a very weak economy. It is dying. The economy depends solely on the government which is the highest employer of labor and bedeviled with debts. Quite bad you may say but this opens up the avenue for cheap qualitative labor you may never find elsewhere. As companies shut down and moved out of the country, they left skilled and qualitative labor that have shrink into the shackles of poverty and would welcome any opportunity to offer that skilled and qualitative labor to any one that is just as willing to meet their basic needs. Therefore they would not compare the pay they get for the labor they offer to their counterparts in other parts of the world but would gladly apply their skilled qualitative labor to the one who needs it accordingly.

• The Naira, the Nigerian currency, is very weak and unstable. It is also believed that with the present government in place along with the coming elections, the currency will weaken all the more. With the official exchange rate of N710.00 to $1 or more, bringing in foreign currency into the country will not only give the investor great advantage and buying power but will equally smooth out the way for him in various government circles when the need arises for making the investment legal.

• Every one complains of the hydra headed monster, corruption and Nigeria is no stranger to it. Corruption has eaten deeply into the world scene but it makes it a sure bet for investment in Nigeria. In Nigeria, corruption opens up bottle necks while legalizing business. It smooths the investor’s through official channels there by creating a very good rapport between the investor and the government officials after all, who does not want to be appreciated from time to time for a job well done. It is a get-way into investing in Nigeria. It opens investment doors and creates as well as strengthens friendships. Though governments and people may deny it, corruption is everywhere and all countries are corrupt but we can turn it to our advantage by using it to grow our personal fortunes correctly and legally.

• It has been over ten years that Nigeria has been battling insecurity and though it has abated for some time through the government intervention, it keeps rearing its ugly head. Nevertheless, with the present state of insecurity, fresh investments avenues thrive. How? There is a great need for rebuilding of destroyed houses and towns, food supply for the refugees, medical supplies and farm implements, just to mention a few of the great need insecurity has created. Therefore, any investor who would invest in Nigeria, in any of this avenues, would definitely be smiling to the banks in no time.

One of the richest men in the world once said he became rich by never letting an opportunity pass by. It is time to turn that stumbling block into a stepping stone and Nigeria, today, needs investors and would gladly welcome them with open arms. Remember, “The biggest risk of all is not taking one.”— Mellody Hobson, co-CEO of Ariel Investments. It is therefore, penitent to take advantage of the investment opportunities Nigeria provides. Remember, do not keep that money in the bank or safe and let it rot, bring it to Nigeria and grow it. Who knows you may be the next richest man or woman in Nigeria, Africa or the world when you invest in Nigeria before a new government comes in.

Article Writer writes from Kaduna Nigeria.

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