CBN Gov. Emefiele Tells Foreign Investors That Nigeria Is Ready For Business

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has urged investors to come to Nigeria. Speaking to money market players at the London Stock Exchange, Emefiele said the nation’s return on investment (ROI) in all sectors are among the best in the world.

The forum was organised in collaboration with the Nigerian Stock Exchange. The governor, who drew intermittent applause from the gathering, summed up his message in one key sentence: “Nigeria is ready for business”.


He told the story of how Nigeria emerged from what was its worst recession in decades, revealing the ongoing reforms and the huge opportunities available to investors in several sectors.


Participants lauded CBN for its “ingenious” management of the foreign exchange market, which led to the recovery of the naira.


Present at the occasion were Priti Patel, the British minister for international development; Godwin Obaseki, governor of Edo state and Kayode Fayemi, minister of solid minerals. Others are Nikhil Rathi, CEO of the London Stock Exchange, Oscar Onyema, CEO of the Nigerian Stock Exchange; Patience Oniha, director-general of Nigeria’s Debt Management Office (DMO), and Ik Chioke, Group CEO of Afrinvest.

From the Cable