The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has called on foreign investors to consider Nigeria and other countries in Africa as their choice investment destinations.
“Today, we talk about the frontier market and what I keep telling people is that as you continue thinking about growth opportunities in the world and you are looking at Africa, naturally you will have to think about some of the big economies in Africa,” he said.“And I dare say these economies hold a lot of strong opportunities with opportunities for high yields and profitable projects.
Emefiele emphasised that African countries need support from the rest of the world to achieve growth. “When we talk about the challenges that we are currently facing, I can tell you that it hasn’t been easy in the last eight and half years, where we have gone through two recessions: one between 2015 and 2016 and another short-lived one in the second and third quarter 2021 during the period of COVID-19.
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