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Investors Should Explore Nigeria Despite Negative Reports

Categories: Sub-Saharan Africa, Nigeria, Economics & Business

Chris Akor's investors’ guide to Nigeria intends to demonstrate [1]how the negatives reports about Nigeria have no basis in reality and that investors who have ignored the reports have been making huge returns on their investments:

Undue clatter has trailed the release of Nigeria’s rebased GDP figures – a purely technical matter devoid of politics – from some groups in Nigeria. These groups are mainly opposition politicians, whose electoral appeal hinges on their ability to paint a grim and gloomy picture of abject poverty, underdevelopment, helplessness and the current government’s culpability in bringing about such a situation. Some civil society groups, who have been making a living from the ‘poverty status’ of Nigeria and who’s survival and funding are now threatened by Nigeria exiting the lower-income category. Ignorant social media activists, whose popularity come from insulting the government and the establishment and putting their country down, and some so-called experts on Nigeria, who make a living out of the ills of the Nigerian society and have been cleverly feeding and sustaining the ‘corrupt, fraudster, never-do-wells’ image of the country in the international community and discouraging well-meaning investors from coming to do business in Nigeria.