Multinationals’ exit calls for strengthening of domestic market, says Imoukhuede

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Aigboje Aig-Imoukhuede Notícia

Coronation Asset Management Limited

The exodus of multinational companies from the Nigerian market has underscored the need to strengthen the domestic market,

Managing Director of Coronation Asset Management Limited, Aigboje Aig-Imoukhuede, has said. According to him, while the exit of multinational companies portends a challenging investment climate, the country's capital markets must be robust enough to attract and sustain… Managing Director of Coronation Asset Management Limited, Aigboje Aig-Imoukhuede, has said.

“Nigeria’s economic landscape is characterised by a complex interplay of growth and stagnation. The National Bureau of Statistics reports growth, which is promising. However, the true metric of economic vitality lies in long-term investment,” he said. However, he argued that high interest rates impose a burden on borrowers. He noted that Nigeria’s financial outlook is at a crossroads, shaped by a dynamic interplay of internal and external factors.

The Institute for Energy and Extractive Industry Law has declared that fuel supply monopoly is not the best option for Nigeria, demanding that opportunities to import and refine products should be offered to interested investors. The group, during an industry roundtable on: ‘The Midstream and Downstream Petroleum Industry in Nigeria: The Role of NMDPRA in…

 

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