The CEO, SFS Capital Nigeria Limited, Patrick Ilodianya, in this interview with Abolaji Adebayo, speaks on likely economic boom in Nigeria soon through foreign direct investment if the 2023 election provides a friendly atmosphere
What is the state of the investment landscape in Nigeria?
The investment landscape in Nigeria is very interesting with a lot of potential. However, the upcoming elections is a very big event that would significantly affect the potential of all projected investment returns.
Notwithstanding, most investment experts would agree that provided we have a smooth handover of power, things are looking very good for the investment landscape. Real estate prices are expected to improve; the naira is expected to appreciate due to inflow of FX; and the investment climate is expected to be far more business friendly.
Conversely, the developed countries are expected to start facing a recession and this may be a double-edged sword for Nigeria. Notwithstanding, with the possible recession, foreign direct investment into Nigeria is expected to increase provided there is a seamless transition of power to any of the three main candidates.
Investments in Nigeria are usually associated with get-rich-quick schemes, why do you think this is so? And why do Nigerians always fall for these schemes?
Actually, get-richquick schemes are not exclusive to Nigeria alone. However, it is amazing how people always consistently fall for them. Education is a very big…
