Happy New Year to all readers and followers of this blog. Thank you for your support in 2013. We look forward to a year of fulfillment in 2014 as we strive to provide a refreshingly different perspective to business and investment related issues in the heart of Africa – Nigeria.
We begin the year on an interesting note with a report on potential economic giants that the world should watch out for. They are Mexico, Indonesia, Nigeria and Turkey (MINT). With the gradual stabilization of Nigeria’s democracy, we expect to see some more improvement in the economy especially with the efforts of the Government to address the power challenge which has adversely impacted on the economy over the past decade.
2014 is a critical year in Nigeria because it ushers in a new era as power assets in the country were handed over to private investors in November, 2013 and the expectation is to see how this would impact on the generation and distribution of power in the country with the attendant effect on economic activities.
The Nigerian Capital market is also expected to sustain the recovery trend going by the efforts of the regulators to ensure that the market operates with global best practices in order to give the best return for investors’ funds. With the efforts of the Government to strengthen the existing policy on Micro, Small & Medium Enterprises (MSMEs) the country should also witness a boost in employment which should directly impact on the GDP in the final analysis.
Generally, all the MINT countries have the potential to become the next economic giants depending on how they manage their opportunities and challenges. Nevertheless, it would be correct to say that these countries stand to attract the attention of investors in the global arena and are now in the spotlight as far as investment is concerned.
Please share your thoughts in the comments section.
Source: BBC news magazine http://www.bbc.co.uk/news/magazine-25548060