Wed 8 Mar 2017
Investors should look to pensions and sovereign funds to help mitigate risk when investing in Nigeria, said Chinelo Anohu-Amazu, director general of the Nigerian National Pension Commission, at an OMFIF briefing. The discussion, which focused on sustainable growth and investment in Nigeria, highlighted the need to provide a clearer understanding of the opportunities for co-investment.
Too often observers perceive risks and misconceptions that hinder external investments. With the drop in global oil prices acting as a catalyst for economic diversification, Nigeria is looking to green energy and infrastructure to help it move out of recession and support global growth. The ‘greening’ of the country’s pension commission as well as the fund’s commitment to impact investments and long-term infrastructure projects, are important issues that can attract external investors.
Addressing the perceived risks in Nigeria, as well as highlighting the positive steps taken by public investors, will only help the country unlock its potential and expedite its economic recovery.
Speakers included Chinelo Anohu-Amazu, director general of Nigeria's National Pension Commission, and Mthuli Ncube, head of Quantum Global's research lab and former chief economist of the African Development Bank.