The Chief Executive Officer of SFS Capital Limited, a leading investment management firm in Nigeria, Mr. Patrick Ilodianya, in this exclusive interview with Nairametrics speaks about the investment climate in Nigeria and why many Nigerians are prone to investing in Ponzi schemes.
He also shares insights on why fixed income is one of the best investment options for Nigerians this time. Excerpts:
Having been serving high net worth investors for years, you recently opened your business to retail investors, what has been the response from the retail market?
Usually, when there’s a lot of uncertainty, it is the best time to reduce the risk to your portfolio. Because if your portfolio is exposed to the vagaries of the economic environment, monetary policy, and all that, and there’s so much uncertainty it is always better to move towards investments that have a limited reaction to uncertainty. So, for instance, if you’re tracking what’s happening, equities globally have been dropping even cryptocurrencies have been losing value. And that’s because of the uncertainty globally.
And so far, so good, there’s nothing that says that the uncertainty, globally and locally is going to reduce. The Russia-Ukraine issue is still there. The China-Taiwan issue is coming up gradually. The Iran issue is still there and those are major headwinds. So, there is nothing that says that uncertainty is going to reduce.
In fact, on…
