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Many people only know about Nigeria from the so called "nigerian scams"and would be surprised to learn that Nigeria could soon become the biggest economy in Africa.Why does Nigeria have such tremendous potential?The reasons for the current interest in Nigeria are:* Nigeria its getting better from a low base because of reform. The long-term potential is huge.* Nigeria is resource rich; they are already producing 2mbpd of light crude + top 10 gas producer (mostly flared)* Population of 120m permits economies of scale* Economy- De-industrialised under military rule; improving slowly* Agriculture totally neglected; improving* Bank intermediation; just starting* Entrepreneurs appearing; diasporareturning (slowly)* Cellular telecoms; a dramatic impact* Management of state pension funds privatised* Vibrant stock marketWhat is holding Nigeria back currently?* Reform of the oil companies is essential* Poor infrastructure; recognised as key constraint* Politics* First civilian-civilian transfer of power has occurred* Electoral reform still needed* Companies- Non-oil, non-bank growth funded from free cash flow Oligopolies and duopolies abound; very high ROE's* Main problem area: a banking...more
Why thinking of spending holidays in Lagos, Nigeria??? By: alfard About the Author Book your tickets of flights to Lagos and experience a tremendous piece of leisure tourism (ArticlesBase SC #3133985) Article Source: http://www.articlesbase.com/ - Why thinking of spending holidays in Lagos, Nigeria??? ...more
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A Los Angeles Vacation Package is the Way to GoWhenever you are planning your next vacation trip you may want to consider going to Los Angeles. You can save money and time planning with a vacation package to Los Angeles. A vacation package can save...more
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