Have you been catching the business headlines lately, then you should know that millions of dollars are finding their way into Nigeria economy? The banking industry is funneling foreign moneys into Nigeria and I am so glad about this for two reasons: Firstly, foreign investors are putting faith in our economy (imagine this- while some people I call the pessimistic lots are still crying of hopelessness.) and secondly, the financial sector with good enough cash in their boot will help drive the economy to another level.
I know the latter point is not an easy thing and it is premised on the belief that the banks will not be over-driven by greed disguised by profit motive or the corporate cliché of maximizing shareholders' value (same reasoning that has been bane of SME funds reserved in their kitty) and will not fail to play their part in bettering Nigeria economy.NSE
Really, things are looking up. The NSE is growing deeper with over 40% increase in market capitalization in few months and with market index recalcitrant, l mean, not reacting to the political situation in the country too badly. I believe it is a reflection of investor unshaken confidence that things are looking up.
Some people with attention fixated on power situation and infrastructural deficiencies may see gloom in the horizon but I am of the bandwagon sold out to economic vision 20 by year 2020 and Chukwuma Soludo's dreams of making Lagos the financial hub of African businesses. Indeed things are looking up!
Your posting on Thursday 'where are the sons of the Giant' contradicts to Friday posting' Things are looking up' The leaders of the 'Giant' .
ReplyDeleteWhere do you find the True sons of the 'Giant'........In Diaspora, developing other Nations ! I'm not saying there are no true sons in Nigeria but unfortunately, they have been forced to believe what they see{Corruption} as the status quo. Vision 2020 for Nigeria sounds good......who will deliver it ? with what will it be delivered ? Let us be truthful to ourselves.......Africans are inferior Beings to the White Race. Because if we are not, our leaders will not see corruption as a way of life and even boast of it. Only a Goat has the ability to do that. Why is there constant electricity supply in europe and Nigeria cannot guarantee 3 hours of uninterrupted power supply ? How is it that we produce petroleum, bitumen and asphalt yet we import petrol and the roads are bad.....My brother,the future looks good.........but the future begins with you,me and every one who is Nigerian.Let us always do the right thing even if death stares us in the face.Do you know why there are suicide bombers in Iraq ? Simple, they dont want to be slaves to imperialists........as for we Africans, We enjoy being slaves ......watch ot for my website