Wednesday, February 8, 2017
Video - Nigeria's All Share index stands at 4.5% in the red, in the year to Feb 3rd
On paper, Nigeria is an investors dream, with vast tracts of arable land, strong and growing demand for processed agricultural goods, a fast-growing population, and many others. But the reality, for many investors is very different, with the current exchange rate policy a huge turn off, and that's just one factor. Billions of dollars in loans from the African Development Bank, and the World Bank have been withheld, since by late January, Nigeria had not submitted an economic recovery plan. As Aly Khan Satchu, CEO at Rich Management, without a plan, and a flexible exchange rate, Nigeria is a place to avoid.