The Head of Business Development for Jersey Finance, Allan Wood, was recently in Nigeria with a delegation from the Government of Jersey for a presentation and dinner reception in partnership with the Commonwealth Enterprise & Investment Council . The event was organised to strengthen evolving relationship with Africa and particularly Nigeria. In this interview Allan speaks about the opportunities in the Nigerian economy.
We are promoting and working across these three big economies you mentioned. South Africa already has a strong relationship with Jersey that dates back 25 years. So, from a South Africa perspective, we have a lot of big brands – Standard Bank, Nedbank, Investec, Ashburton and Alexander Forbes for example, as well as having a lot of South Africans living and working in Jersey. We also have about US$5 billion of South African private wealth under management.
We work on behalf of our members, who happen to be banks, law firms, private equity firms etc. I certainly think there are investors out there that would be interested in these opportunities. I think one of the things that Nigeria needs to consider is how they promote opportunities outside the country, so that people gain an understanding of where the investment opportunities lie.
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