The World Needs Nigeria to Succeed

Featuring Dr. Andrew S Nevin

Andrew Nevin has spent the past ten years working in Africa, the last five of which in Lagos, where he is Chief Economist – Africa for PwC. With the largest city population in the continent and some ambitious development plans, Lagos is fast becoming the key commercial center and Andrew outlines the scale of the investment taking place, as well as the challenges for private equity players and for growth advancement. Filmed on March 22, 2017, in London.

Published on
14 April, 2017
Topic
Africa, Global Investment, Frontier Markets
Duration
25 minutes
Asset class
Commodities, Currencies, Equities
Rating
8

Comments

  • HT

    Hannington T.

    21 8 2018 22:52

    1       0

    A very good interview, I am from Kenya and Kenya has improved in ease of doing business, this has helped transform the FDI. However there are many issues with power and that has been a huge challenge. Very insightful article.

  • MC

    Michael C.

    18 4 2017 10:37

    0       0

    Interesting interview and great to hear the positive view on Nigeria. A truly entrepreneurial economy albeit with many issues. Worth having a look at Eko Atlantic - progress looks to be pretty fast.

  • GP

    Gordon P.

    15 4 2017 21:19

    1       0

    I enjoyed hearing and learning about SA and Nigeria - I had a different view but after viewing/listening came away with a more positive and hopeful view of Africa -- awesome, Thanks RV

  • KK

    Kevin K.

    15 4 2017 19:28

    2       0

    I've lived in West Africa (and Dubai) and the comparison he is making between the two is unfounded. The institutional base couldn't be more different with Africa having a mirage of problems related to corruption, politics, and crime. Confidence in eradicating a lot of these issues is going to be key to bring in the level of foreign investment that is being spoken of here.

  • MN

    Mark N.

    15 4 2017 15:30

    1       0

    Odd camera work in this video, it appears to me that the level of zoom on the face is higher than in other videos.

  • MA

    Michael A.

    15 4 2017 13:59

    14       0

    As a young Nigerian, it's interesting to hear his take on this . I thought his comparison to Canary Wharf and Dubai is slightly flawed though. One thing that allowed those visions to be realised, was the very simple fact those two places had a structure of governance. It's a well known fact that Africa, not only Nigeria (I hate to say it), has a culture of corruption (and no real governance). Until the culture begins to change, then we can start talking about Nigeria in the same realm of India & China. As the interviewee alluded to, "Investors have taken big bets... and controlled [their] whole eco-system end to end..you can't rely on other people." That, in a nutshell, encapsulates the whole problem of Africa - not only Nigeria.

  • CL

    Charl L.

    15 4 2017 05:50

    1       0

    Study the fine MTN got and the loss Tiger Brands made on their purchase of the Dangote Flour mills. Lots of money to be made from outside investors.

  • RE

    Rachel E.

    14 4 2017 20:46

    5       0

    Corruption in these countries will not allow major outside $$$$.