Nigeria Among Top 4 Preferred Investment Destinations – KPMG

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Africa currently offers the highest rate of return on investments

AFRICANGLOBE – World leading audit, financial and tax advisory firm KPMG, has ranked Nigeria as one of the four major investment destinations and growth areas in the world, following poor performance by Brazil, Russia, India and South Africa.

According to Nigerian newspaper THISDAY, Global Chairman, KPMG International, Mr. Michael Andrew said the poor returns on BRICS nations (except China) has forced investors to source for better investment sources.

As a result, Mexico, Indonesia, Nigeria and Turkey (MINT) have attracted increased enquiries and investments.

“…people are now focused on the MINT – Mexico, Indonesia, Nigeria and Turkey. They are the four countries that international investors are really focused on for growth and investment.

“The offers for the MINTs are intense and we are getting a huge amount of enquiries about these countries. People want to know how to do business in these countries, how to access the markets and how to take advantage of the long-term growth that is coming,” he said.

Andrew disclosed last week foreign investors are interested in putting funds first in the Nigerian capital market before venturing into other sectors.

The KPMG Chairman further enumerated factors that would drive growth in the new preferred investment destinations.

“People are looking for a growing middle class, they are looking for a predictable regulatory environment, and they are looking for stable and transparent corporate governance structures,” Andrew said.

 

By; Oyeniyi Adegoke