Why Nigeria Is Of Interest To Foreign Investors- Kroll

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Story by Edward Jaleyemi/Edwardjaleyemi.blogspot.com.ng
Kroll, an international leading business intelligence and risk solutions firm, has identified reasons Nigeria’s economy is becoming a popular destination for value-driven investments.
Speaking during a visit to Nigeria (Lagos), Kroll’s senior consultant, Mark Simmonds said the country’s rebased GDP in 2014 placed Nigeria at a top position ahead of South Africa.
Mark Si ''There is a visible growth in consumer markets which has resulted in the development of a vibrant entrepreneurial workforce and is contributing to Nigeria’s economic progress’’
Mark Simmad "There is a visible growth in consumer markets which has resulted in the development of a vibrant entrepreneurial workforce and is contributing to Nigeria’s economic progress"
He said Nigeria is maintaining the growing middle class comprising a large, vibrant entrepreneurial workforce of at least 73.4 million (as at first quarter of 2015).
”International and local investors are attracted by Nigeria’s increasingly diverse economy. There is a visible growth in consumer markets which has resulted in the development of a vibrant entrepreneurial workforce and is contributing to Nigeria’s economic progress’’ he added.
According to Simmonds, the successful and peaceful transfer of power to the new democratically elected government also boosted investors’ confidence in Nigeria’s economy.
Simmonds however, identified challenges militating against the growth of the economy. These include weekend currency and low oil price which have adversely affected government revenue.
He explained that these constraints present local and international investors with complex set of challenges and opportunities that require expert guidance to summon.
L-R: Mark Simmond and Oscar Onyema, CEO Nigerian Stock Market  during the his visit to Nigeria
This is an aspect Kroll hopes its expertise in risk management would be helpful to the Nigerian government.
The British officer highlighted the firm’s depth knowledge and experience in Africa’s most dynamic market place, hence hinted Kroll is interested in helping Nigerian government to review its oil and gas company revenue framework- a replica of what the firm did for Angola hydrocarbon revenues.
Kroll, a leading global provider of risk solutions has been operating in sub-sahara Africa for over two decades. The international firm has been helping clients make confident risk management decisions about people, assets, operations and security through a wide range of investigations, cyber security, due diligence and compliance, data and information management services for more than 40 years.

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