It’s not whether you get knocked down, it’s whether you get up- Vince Lombardi

Why Nigeria Remains Toast Of Investors, By Survey
 NIGERIA would remain an attractive destination for investors in 2014 because of its continuous economic growth, dynamic population and abundant resources, a research by the Oxford Business Group, (OBG), has revealed.  
  The findings of the report was disclosed in a statement by the CEO of OBG, Mr. Andrew Jeffreys, recently, when he said, “As our new report indicates, Nigeria remains an attractive option for investors, supported by consistently high growth rates, a dynamic population and an abundance of resources. 
  “With both infrastructure and social development plans requiring foreign input, investors have plenty to think about as Nigeria’s economic landscape continues to evolve.”
   The OBG boss, who noted that while rolling out new reforms and attracting investment for infrastructure would lead the government’s efforts to diversify Nigeria’s economy, maintained that the spending policy, as the 2015 elections draws nearer, is expected to remain a priority.
   Also, commenting on the findings of the report, the Regional Editor, Robert Tashima, acknowledged that key question marks hang over Nigeria, such as the passage of the Petroleum Industry Bill (PIB), and heightened security risks in some areas.
   “However, we have also witnessed the country take important steps forward over the past twelve months, led by the long-awaited privatisation of the electricity network and a loosening of pension fund investment rules, which ought to increase trading activity on the stock exchange,” he said. “These, and other recent reforms, combined with the country’s long term-fundamentals, provide Nigeria with an encouraging outlook,” Tashima noted.
   The report titled Nigeria 2013 contains a contribution from the President of Nigeria, Goodluck Jonathan, together with a detailed, sector-by-sector guide for investors besides analysing the country’s bid to overhaul its oil production infrastructure, which is seen as key to sustaining output and boosting downstream processing and pondering over the challenges facing Africa’s number one oil producer, while documenting new initiatives, such as plans to channel funds into deepwater reserves exploration.
    The report also includes a wide range of interviews with leading political, economic and business representatives, including the Coordinating Minister for the Economy and Minister of Finance Ngozi Okonjo-Iweala, the Canadian Minister of International Trade Ed Fast and the former president of Brazil and Honorary President of the Lula Institute Luiz Inácio Lula da Silva.
   The publication, which is a product of more than six months field research by a team of analysts from OBG assesses trends and developments across the economy, including macroeconomics, infrastructure, banking and other sectoral developments.

Source Nigeria Guardianonline