Mr. Dave Uduanu, the Managing Director/Chief Executive Office Sigma Pensions, and other experts have hinted that despite adverse macroeconomic indicators, Nigeria remains a viable investment haven.
This was the shared view as finance professionals converged to discuss “Preserving Value in Turbulent Times” at the Sigma Pensions business roundtable in Lagos.
Panelists at the roundtable were the Co-Founder and Managing Director, CardinalStone Capital Advisers, Chief Marketing Officer, Ikeja Electric, Mr. Ugo Obi-Chukwu, Mr. Femi Ogunjimi, Vice President Sahel Group, Ms. Tosin Ojo, Principal at Actis, Ms. Folaseto Akin-Olugbade, and the Director Real Estate, Actis, Ms. Funke Okubadejo.
Speaking on the investment climate in Nigeria, Uduanu said: “Nigeria could be at an inflection point and for us to come out stronger we have to believe in markets, especially with unifying exchange rates.”
He stated that there are huge potentials yet untapped in organizing the informal sectors, technology as well using funding assets.
On his part, Ogunjimi said: “I think Nigeria is investable. I have a bit of a contrarian view when it comes to investments. And I think is usually institutions of turmoil that create generational wealth because if you have a perfect environment, it’s hard to get any kind of investment when all the problems have been solved. So the question is, how do you look at the problems we have as opportunities? I do agree that those problems create a lot of challenges, especially for us as institutional investors but for people as individual investors, I think there are a lot of opportunities.”
