The Global investors have been urged to take part in Africa’s transformation story, particularly Nigeria’s, as the continent positions itself as the next global economic powerhouse.
Speaking at a session on infrastructure investment in Nigeria, Chairman of the Nigerian Exchange Group, Umaru Kwairanga, noted that the country possesses key factors that make it an attractive investment destination.
He emphasized that Nigeria is endowed with vast natural and human resources capable of driving successful investments.
According to him, “there is vast, verdant, and fertile land for agriculture; abundant mineral resources including rare earth minerals; and a climate that is friendly and welcoming all year round. Nigeria has human resources. More than half of its population is under thirty and a large proportion of that population is highly educated and hardworking.”
READ ALSO: Investors Laud Nigeria’s Financial Reforms in London
He however emphasized the need for the country to improve in its infrastructure in order to be able to compete globally.
“Nigeria needs to overhaul its roads, ports, electricity networks, rail lines and so much more to compete globally and achieve its potentials and for that, it requires huge infrastructure investment,” Kwairanga said.
He noted that investing in Africa and more specifically Nigeria will be repaid in many fold when these three pillars of abundant natural resources, ample human resources and excellent infrastructure blend together to ignite a double digit economy.
Kwairanga assured investors that with the right leadership of the current President Bola Tinubu administration coupled with an appropriate regulatory system, Nigeria is on track to putting in place the required structure needed to optimise business performance.
Salamatu Ejembi/VON
About the Author
