The abundant investment opportunities in Nigeria as well as the statistics to back the fact that Nigeria remains an investors haven and gateway to Africa was the fulcrum of presentations and discussions by the leadership of the Central Bank of Nigeria (CBN), Nigerian Stock Exchange (NSE) and United Bank for Africa (UBA) at the investment gathering in London during the Nigerian Economic and Financial Markets Conference organized by Bloomberg; the multinational financial news corporation at the weekend.
Despite the challenging market conditions, Nigeria, according to them is projected to continue on the growth path over the next couple of years, presenting increasing opportunities for corporate financiers, sovereign investors, corporations and financial intermediaries.
In his presentation on Doing Business in Nigeria: Creating Wealth from Opportunities in Africa’s Largest Market, Mr. Phillips Oduoza the CEO of UBA said the growth will be fuelled by activities in the oil and gas, power, infrastructure, manufacturing and agricultural sectors of the economy. He emphasized that the government reforms in these sectors and the attendant multiplier effects of the linkages between them in terms of job creation and increased consumer spending, will be very significant in the years ahead.
“As Nigeria’s truly pan-African bank with operations in 18 other African countries as well as London, New York and Paris, UBA is well positioned to help potential investors capitalize on these opportunities in Nigeria and the wider African continent.”
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