Nigeria has been identified as one of the top five countries for growth acceleration for 2018. Other countries in the group include Kuwait, Oman, Kazakhstan and Tunisia.

The Global Chief Economist at Renaissance Capital, Charles Robertson, who made this forecast in a report titled: “Africa 2017,” urged investors to take advantage of the opportunities in these countries.

“These are some of the markets I think investors should be considering because of the growth acceleration story,” he explained.

According to Robertson, Nigeria still has a very positive demography, pointing out that the country’s working age population has been growing at 15 per cent over the past five years.

The global analysts observed: “Nigeria’s Ease of Doing Business is presently at 169th in the world. But I am promising you that it is going to get considerably better in the next 12 months. This government has actually started to reform.

“They have slashed the time to register a new business from 10 days to two days. I think as you get the Ease of Doing Business better, you should also see some improvement in corruption ranking. It is never going to be dramatic. We do know President Buhari has tried to make some difference.”

He also noted that there has been improvement in Nigeria’s legal system.

Robertson also argued that at its present rate, the naira exchange rate is expensive as the official rate. He called for a currency reform in Nigeria, arguing that, “currency pegs don’t work in countries with low per capita income. The naira is either too weak or too strong.”

Nigeria’s budget and forex reserves depend on the performance of crude oil. Oil has been on an upward trend in the last 12 months.

“But my view is that shale would keep it down. What I think drives oil is China. When China’s Gross Domestic Product (GDP) was booming, we had oil price shooting up, but when China’s GDP stopped rising last year, the oil price was down. There should be some recovery, I would argue, in the next few years. If there is one thing which worries me today, it is Chinese loan growth.

“I still think there is a story here which is working. The story is that the last time oil fell, which was in the 80s, GDP in Nigeria fell by over 10 per cent, not just once, but multiple times throughout the decade.

“But in the 90s, when oil prices were low, Nigeria was not even in recession. But this time, it fell by 1.5 per cent last year, which was a much better performance than in the past. The human capital has changed, not just in,” he said.

CBN Governor, Mr. Godwin Emefiele recently predicted that with economic policies put in place by the Nigerian government, the country should be out of recession by the third quarter of the year. Emefiele who assured that the CBN would continue with its intervention in the foreign exchange market, noted that interventions of the apex bank so far had been yielding positive results.

The legislature last week passed the 2017 Appropriation Bill for the year, with an increment of N143 billion to N7.441 trillion, from the executive’s proposal of N7.298, five months after President Muhammadu Buhari submitted the federal government’s spending bill. Faced with pressure from the public, which remained unrelenting for years, and in keeping with its promise this year to do so, the National Assembly, on Thursday, finally released a 33-page document detailing the line-by-line expenditure of its budget for 2017. The National Assembly’s budget was increased by N10 billion to N125 billion, from the N115 billion proposed by the executive.

Under its budget, N85.8 billion was assigned to total overhead costs, N23.7 billion for personnel costs and N14.9 billion for capital projects.

http://investorsking.com/nigeria-among-top-global-investment-destinations-for-2018/

Which Nigeria


......
Just before you quote
Hit the follow button on Instagram @chinybelle_hair
For affordable Human hairs and wigs
WhatsApp or call
Nation wide delivery

chinybelle:
Which Nigeria

the one wey dey china

saxwizard:


the one wey dey china

E better B

What a truck load of nonsense

Okay for power generation or for health?

I call bullshit on this piece of information...

Ease of Doing Business Ranking...
https://en.m.wikipedia.org/wiki/Ease_of_doing_business_index

Believe at your own peril.

Nigeria can never be among top destinations to do business.
Bad roads, epileptic power supply, worst forex policy ever, security issues...

Very neat iPhone 5c for sale N45k, slightly negotiable

https://www.nairaland.com/3797509/very-neat-iphone-5c-16gb

Nigeria and propaganda

For those that don't believe, always be on the positive side.
Anyways its a forecast. It could turn out to be true or false.

Nigeria has had the capacity to attain greatness on a global level. So many vices and ills have kept the nation down for so long. Like we dont want to get to the top.



And I wonder why this topic is appearing twice on FP?

Are they twins?

Na so

I was listening to a radio programme yesterday, I heard that it takes 6 days to register a business in Rwanda but takes 35 days to register a business in Nigeria, then someone called in and said that he applied for registration in December 2016, but this May 2017, the registration has not been done instead he was told to pay another registration fee because the first application returned no search results due to poor Internet connection on CAC (Corporate Affairs Commission) server.

What a country and the ease of doing business.

Hoping to see unemployment rate drops

Lia Mohammed counterpart.

On paper abi?

saxwizard:


the one wey dey china

Allow the mumu alawo

Make una dey deceive una self. Who go invest in Nigeria

I just want to say good morning to my fellow nairalanders...


which Nigeria sef

which foriegner in his right sense will invest in a country like Nigeria smh

ok

yeah that if those investor are ready to get bombed by boko haram

the man is making sens only if buhari dies , cux the vegetable is a truck load of bad luck.

Lies everywhere

But we have to sort out our power and transportation issues first. If not they won't last long here.

Among?
This Nigeria where I d Abi another one?

The recession situation of Nigeria is getting worse.

The 2017 budget doesn't even make sense

Imagine a whole MINISTRY OF HEALTH is allocated 55 Billion naira

MINISTRY OF EDUCATION = 50 Billion Naira

And the senators have increased their spending to over 100 Billion naira

Nigeria is heading to a situation where crime is very rampant like corruption


They fit stop you for road, slap your face, collect your money and phone.

And people will just walk past like nothing is happening

Nigeria can rebrand itself and make itself a haven for foreign direct investment IF it tackles corruption, provide stable and reliable electricity, provide basic amenities and develops its people. The world would take Nigeria seriously when they see the aforementioned indexes actively in play in Nigeria.

[/color]While I am still coordinating, once you are used to displaying some enemical factors to humanity, and there are still signs that these are no attempts to change those factors for better, you will only fail completely. If apc like they should continue in thier deceit. My feelings only goes to the gullibles who may still believe Buhari and his apc.[color=#990000]While I am still coordinating, once you are used to displaying some enemical factors to humanity, and there are still signs that these are no attempts to change those factors for better, you will only fail completely. If apc like they should continue in thier deceit. My feelings only goes to the gullibles who may still believe Buhari and his apc.While I am still coordinating, once you are used to displaying some enemical factors to humanity, and there are still signs that these are no attempts to change those factors for better, you will only fail completely. If apc like they should continue in thier deceit. My feelings only goes to the gullibles who may still believe Buhari and his apc.

Whenever Buhari is away, Nigeria gets good news!
I don't care for any mentions!

From Lai Mohammed again?

Na today we begin dey hear this ...Nothing to show for it in d masses

emeejinsm:
the man is making sens only if buhari dies , cux the vegetable is a truck load of bad luck.

Am wondering why some Nigerians are so gullible. From all the very wide and open signs of failures, disappointments, terrible lies etc.some people still belive this governments. This is a government where its own fighter jet took off, well equipt, fly straight to its own IDPs camp and bumb them, thus killing them in their hundreds. What about the Shiit etc etc. yet some people still believe and agree with what apc is telling us. Can any body tell us, from independence, where all these things have happened. Where is Bob Maley? Where is Fela. Buhari and his apc can deceive people but they cannot continue to deceive all the people all the times.