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President Tinubu is not doing well, he is not governing Nigeria well, so claim the desperation opposition. But the data are showing that they are wrong and blind.
Nigeria’s economy under the reforming presidency of Bola Tinubu demonstrates resilience and prospects of growth. Big money has taken adequate notice and the owners are heading to Nigeria to invest their funds, according to Cardinal Stone.
Read the story by Business Day. A teaser:
“In a world rattled by war, inflation, and erratic trade policies, some of the savviest investors are quietly shifting their attention back to Nigeria.
“You wouldn’t guess it by looking at the headlines. Conflict in the Middle East, volatile oil prices, and an uncertain global economy have kept financial markets on edge. The World Bank just downgraded growth projections for most developing countries. But there’s one outlier: Nigeria.
While other countries brace for impact, Nigeria is being tipped as one of the few bright spots. And big money is noticing.
CardinalStone’s mid-year outlook increased its bet on Nigerian assets, moving from a 65:35 local-to-global portfolio split to a more bullish 70:30 ratio.
“This is because Nigeria, despite its many challenges, is showing signs of resilience and opportunity that global markets currently lack.
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