The CBN boss said Africa holds the best frontier for development in the world today, with the continent providing the highest yield from investments.“I am saying to you the foreign investors if you think about Africa for the opportunity and investment, you don’t have a choice you will have to look at Nigeria.
“Nigeria has the largest economy and population in Africa, and it is being projected to be the third largest population in the world by 2050 — if you do think about investing in Africa — join us in developing Nigeria and Africa continent.” Mr Emefiele urged investors to look at metrics like the nation’s economic sustainability plan and the potential for growth.
“The possible outlook is due to the high oil price which today is above $80 per barrel, the implementation of the economic sustainability plan which was put in place during the period of the pandemic and a rebound in our manufacturing activities and economic activities in Nigeria,” the CBN governor said.He explained that the country’s inflation was as high as 18.17% during the pandemic and is about 16.6% today, adding that it would moderate to about “15.
“Before the president came on board in 2015, a couple of our textile industries, some of our manufacturing industries due to certain challenges they faced in the economy closed down,” Mr Emefiele said of the country’s diversification efforts.
Lol
With emefiele at d elms of CBN With his daily anti-biz policies & summersaults, any foreign investor does so at his/her own risk.
Why not? E-naira is a treasure to hunt. Come on in, Investors. Come and taste the power of backwardness.
SAY NO TO POWER AND POWDER!.
Kiki
Yes of course...invest in banditry..