Nigeria Investment Opportunities – Dr Kenny Odugbemi

Nigeria Investment Opportunities

Nigeria’s construction market is valued over $135b, with other sectors opening up such as

✓Marine
✓Blue economy
✓Circular economy
✓Solid minerals
✓Creative and entertainment
✓Tourism
In less than 30years our population will double in excess of 400m
Currently our economy is slipping to its lowest unimaginable point, due to variance, non-complimentary monetary and fiscal all running in non compliance mode given room for monumental fraud across all tiers of government, public and private sector, extremely weak institutions all hijacked by power brokers.

As of today, stated below are our current situation based on condition assessment
✓We have high fuel cost PMS and diesel inclusive.
✓Dollar scarcities due to speculators who are scavenger ravaging dollars, without using it to impact the real sector
✓High import duties, tariffs and levies
✓High inflation 25.8%
✓CCR 32%
✓MPR 28.75
✓Lending rate over 27%
✓It is note worthy that unemployment is gradually reducing, despite faulty base of 4.1%
✓Currency devaluation 20%
✓Increase instability and insecurity in the Northern sphere is now very toxic.
✓increase in loss of talent-“Japa” over 52% of our current professional base with attendant decrease in tax return
✓Over dependency on Road, hence the need to go intermodal

Identifying Opportunities
Our growing population has opened further diverse opportunities in
✓health,
✓housing, low cost
✓education, vocational inclusive

Increase in cost of importation has led FCMG to convert into in-country manufacturing and assembly

Find below where ready to go available opportunities

✓Affordable housing with decent retail
✓Affordable educational branded private -primary-secondary- tertiary institutions
✓Specialist residential development for old age, internally displaced person, and person living with disabilities
✓Housing for young professional 45sqm self contained apartment
✓FDI to drives provision of power at state level, manufacturing, health, road infrastructure
™Provision of Data centre

Agricultural driven opportunities
✓Rice cultivation and production to raise current 2.5m tonne-6m ton per acre
✓Maintenance of Agric equipment
✓Value discount retailing structure

Conclusion
We need to focus on the new value proposition, with enabled environment with minimal restrictions for FDI to invest and catch out
In all the sectors there exist big opportunities
Let our money in local currency and foreign currency work for us, this is the only antidote to driving away multidimensional poverty above all our legislature needs to be sacrificial as they are selfish greedy legislating us into deep poverty.
At Federal level and State level there is need to reduce recurrent expenditure as most States in Nigeria are insolvency but waster of state Treasury despite most monthly inflow Revenue fiscal allocation,13%derivation, personal income tax, royalties, inte 0rnal generated, there is poverty in some of previledged States, whilst others do not think with thought of generating more revenue through their ways and means