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Growth in GDP, others attract foreign investors to Nigeria — Kroll

By Princewill Ekwujuru & Michael Odoh

The rebased Gross Domestic Product , GDP, which positioned Nigeria as tops in Africa, and the growing middle class comprising 73.4 million vibrant entrepreneurial workforce are some of the reasons adduced to have attracted the attention of international investors, says Kroll, World’s risk consulting firm.

Kroll’s Senior Consultant, Rt Hon Mark Simmonds, disclosed this to Newsmen at a media briefing announcing the entrant of the firm into Nigeria, in Lagos, where he said that growing consumer markets and a vibrant workforce are attracting investors in high degree.

The Senior Consultant who also gave reasons why investors have seen Nigeria as a growing global market said the recent successful and peaceful transfer of power to the new democratically elected government is another important factor that has strengthened investors’ confidence in the maturity and dynamism of Nigeria’s economy.

Simmonds who agreed that the country also has its own unique challenges, said a weakened currency and a low oil price are affecting government revenues, which means investors remain cautious.

These and other factors present local and international investors with a complex set of challenges and opportunities that require expert guidance to surmount, he stated.

Simmonds who highlighted the depth of knowledge and experience of Kroll in Africa pointed out that there is a growing demand for specialized consultancy projects for Nigerian clients in private and government sectors, as well as investment advisory support.

The Senior Consultant said Kroll is one of the leading business intelligence and risk solution firm that has seen the demand for its services in Nigeria, while stating that the expansion of investment advisory services to indigenous and international corporations and institutions is significant to the growing interest in the country’s economy.

Mark Simmonds emphasized that Kroll’s work as a leader in business intelligence and risk solutions is to provide strategic advisory services that help clients make intelligent decisions.

He stated that the recent work of the firm in Nigeria included, recent instruction to identify and profile shareholders in a business venture in Nigeria on behalf of Nigerian government agency and an overseas investment advisory project for a Nigerian business investing in India and the Middle East.


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