December 11, 2017

:

BlackBerry putting itself up for sale -

Wednesday, August 14, 2013

FERMA: A convergence of intent, engagement & perception -

Sunday, August 11, 2013

Nigeria Hits CNN’s List of World’s 12 sexiest accents…. -

Wednesday, August 7, 2013

N452t infrastructure funds from capital market coming -

Tuesday, August 6, 2013

Getting the right staff for your business -

Tuesday, August 6, 2013

Nigeria, others to re-evaluate Trans-Saharan gas project -

Monday, August 5, 2013

How Nigerians use social media -

Friday, August 2, 2013

NSIA to manage N3.4tr pension funds -

Friday, August 2, 2013

GOOGLE UNVEILS MOTO X SMARTPHONE… -

Friday, August 2, 2013

Nigerian Troops Return from Mali, Storm Borno -

Thursday, August 1, 2013

Our role in the $1.09b Malabu Oil mess, by Shell -

Wednesday, July 31, 2013

FG Can’t License Hotels, Hospitality Operators, Says Fashola -

Tuesday, July 30, 2013

Why FG Must Urgently Invest in Efficient Rail System -

Monday, July 29, 2013

Lagos community begins energy generation from waste -

Monday, July 29, 2013

FG to privatise BoI, BoA in 2014 -

Monday, July 29, 2013

Cassava takes pride place in Nigeria’s agro-economy -

Monday, July 29, 2013

Future of Africa in food production depends on training, emerging technologies —Kabba college provost -

Friday, July 26, 2013

Will this fresh initiative against cyber crime work? -

Friday, July 26, 2013

Investors prefer Southwest, says LCCI -

Friday, July 26, 2013

Fed Govt stops project variation beyond 15% of initial cost -

Thursday, July 25, 2013

Nigeria, a rugged road to high returns

Bomb blasts, gun attacks, airline crashes, kidnappings, industrial-scale oil theft, armed robberies and fraud costing billions of dollars.

Such things might give pause to anyone thinking of opening a business. In Nigeria, they happen with alarming frequency, and yet investors just keep coming.

The reasons are many: alluring returns in this high-risk frontier market; a huge and growing population with latent potential for a consumer boom; light crude oil ideal for making motor fuel; and sophisticated financial markets.

“We know it’s not risk free,” says Charles Robertson, global Chief Economist at Renaissance Capital. “But look around the world and find another economy with 160 million people growing at 7 percent with such potential. It’s a struggle to find them.”

Nigeria can look like it’s teetering on the cusp of chaos, but it is also Africa’s second biggest economy and top oil producer.

“Nigeria is the best kept secret in the world. Anybody who doesn’t invest in Nigeria only has himself to blame, going forward, if he misses out,” industrialist Aliko Dangote told Reuters in an interview at his Lagos office.

“I don’t really know of any place where you can make as much money as you make in Nigeria.”

As Africa’s richest man, he should know. Last year, the cement tycoon’s Nigeria investments boosted his personal fortune more than fivefold – a bigger rise than anyone else on the Forbes list of world billionaires – to $13.8 billion.

Dangote is from northern Nigeria, where Islamist insurgents of the Boko Haram movement have killed hundreds in daily gun and bomb attacks this year in a bloody anti-establishment offensive.Dangote, whose interests are mostly in the south, with some exposure to the north, does not let the violence affect his business decisions.English: Flag of Lagos

“Boko Haram has not destroyed any business here. They have not gone to any factory and planted a bomb,” he said.“Because of drugs barons fighting with the Mexican government, does it mean no one will go and invest in Mexico? No. People are rushing there.”

CLICK SOURCE FOR MORE

Comments

comments

Comments are closed.