Guest Post: Investment in Nigeria Remains Strong Despite Insecurity
Traders and shoppers crowd a market in Nigeria's main commercial city Lagos March 19, 2006. (George Esiri/Courtesy Reuters)
This is a guest post by Jim Sanders, a career, now retired, West Africa watcher for various federal agencies. The views expressed below are his personal views and do not reflect those of his former employers.
In his July 1 Reuters piece, Tim Cocks states that despite “bomb blasts, gun attacks airline crashes, kidnappings, industrial-scale oil theft, armed robberies and fraud costing billions of dollars…investors just keep coming.” While acknowledging that violence and political instability have damaged PZ Cussons’ profit margin, for example, Cocks cites sources who believe “the demographic dividend is colossal.” That is, in the long term, “Nigeria’s big population will turn into a massive consumer market.” Read more »





