[CNBC Videos] Investment Bright Spots In Nigeria

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Sanusi Lamido Sanusi
New CBN Governor Sanusi Lamido Sanusi (Then First Bank Nigeria CEO) discusses Nigeria's Investment Profile....Read the full article.

Anioma777 · Jun 13, 2009 , 08:29 PM

@NVS ADMIN

Thanks for posting the video clip. It is the first time I have heard the new CBN Governor speak. I must say I was very impressed and in particular his response to the question about credit facilities to the smaller businesses. I wish he will try and convince banks to lend more and also maybe reduce lending rates.

Also I have still not been able to get the few banking officials I know in Nigeria to tell me why the vast majority of Nigerian banks old and new generation do not publish interest rates of their various lending products. I know you can get "personal" arranged rates depending on who you know and your history with the bank. Nigeria what an amazing country.

Balo · Jun 14, 2009 , 03:26 AM

Great clips from CNBC - I choose to focus on the positives of those clips and they just go to show us the energy and untapped potential of our people. What a blessed people we truly are.

Gbolly · Jun 14, 2009 , 03:38 AM

This is very encouraging. To the Diaspora Nigerians, l advice you to personaly visit home (Nigeria) before taking any action. Beauty is in the eye of the beholder. There are countless opportunities in Nigeria, but they come with a huge price. Hence, investing in Nigeria is an individual decision.

BiafranPrincess · Jun 14, 2009 , 04:44 AM

If I were to judge Sanusi based on articulation and insight, I'd score him very high....He hit the nail on the head when he alluded to the lack of power/infrastructure which is the dearth of small businesses. I hope they can impress on the powers that be to fix the energy sector....all else na yawa!

Anioma777 · Jun 14, 2009 , 03:31 PM

Very interesting video clips. I must say Adenike brought up some very important issues regarding Chinese involvemnet in Nigeria and what benefits do Nigerians get.

Also basic business training.

Once again thanks NVS admin for posting. I must say nothing gets me more irritated than hearing MOST bloody Yanks refer to Africa like its a "country".

konkomitant · Jun 14, 2009 , 05:17 PM

Well, there you have it. America is trying hard to bring her citizens to invest in Nigeria while Nigerians abroad are saying, "there's a lion in Nigeria, I'll be slain if I go there".

Remember when George W Bush stated during his last Presidential visit to Africa that Africa is now an equal partner with America. That was when America woke up to the reality that China is outpacing her.

Norris · Jun 14, 2009 , 06:20 PM

I don't think Nigerians abroad are advicing against any international conglomerate carrying out investments there, I think it is clear that what they are shouting about is for an awareness that will help check the misgovernance and corruption perpetrated by the ruling class. It can't be denied or wished away.

However I am impressed with the articulate and fluent nature of all Nigerians covered in the interviews, Nigeria will move notches forward if such people are represented at the front burner of governance, policy formulation and implementation in the country.

Kudos NVS !!!

konkomitant · Jun 14, 2009 , 07:02 PM

Originally Posted by Norris

I don't think Nigerians abroad are advicing against any international conglomerate carrying out investments there.

No they are not. But tell them to go back home and see what they can do for self and country, then you'll get a thousand and one excuses as to why they can't go home. Am talking from experience.

Before you know it Chinese and other foreigners will own more businesses in Nigeria than Nigerians. Then xenophobia will kick in.

Gbolly · Jun 14, 2009 , 09:38 PM

Originally Posted by konkomitant

Before you know it Chinese and other foreigners will own more businesses in Nigeria than Nigerians.

This is my sentiment o. You read my mind, you have expressed my thought.
5 years ago, l made a statement that Nigerians abroad are slaving their lives to masters in their adopted countries; very soon this same Nigerians will come back to Nigeria to be slaves to foreigers in Nigeria unless these Nigerians come back home on time to investment in Nigeria.

quietswami · Jun 15, 2009 , 06:59 PM

Regards to NVS for putting this documentary out, can't wait for its airing in the UK!
That Nigeria and Africa is a place brimming with investment potential or promise has never been or can be denied - that awareness of the machinations for wealth or value creation is missing has always been the key! Unleashing the enterprising and entrepreneurial fervour of Nigerians positively has always been the challenge - once the fundamentals have been reprogrammed potential and promise will be real. The government or leadership blame culture only obfuscates the real issues. When true and real spirit of entrepreneurship is released and pursued; real government and leadership will emerge.
To correct a common fallacy projected on Nigerians in the diaspora with the call to "go home" – this is a misperception and misunderstanding of the requirements for sustaining progression. The focus should be more about creative and feasible collaborative initiatives between the home-base and the diaspora, which at once enables and promotes our ideals of Nigeria in the global arena. The misplaced arguments for Nigerians in the diaspora to return home etc, works on the misconception that all Nigerians around the globe can only add real value by location and that they are in the diaspora due to economic necessity alone. Some Nigerians can and should go home, others cannot and should not go home - one hat does not fit all! All are essential resources and contributors, wherever they may be, in the process of nation building; tapping into these is the optimum solution which is not at the expense of any one grouping. Both groupings are mutually inclusive, reflective of the other, and should draw strength from each other.
I love being Nigerian in the diaspora, and willingly invest in Nigeria when prudent and feasible - based on my ideals of what Nigeria should and can be! Time to put our “collective” strength to good use!

quietswami · Jun 15, 2009 , 11:12 PM

Case of the Good, the Bad, and the Ugly. Would appreciate if NVS is able to get copies of Ross Kemp's "In search of Pirates" http://sky1.sky.com/ross-kemp-in-sea...ideo-exclusive - 2nd instalment online (UK programme).

A particularly depressing insight to life in Ajegunle and Ogoniland. Whilst pictures of the beautification of Lagos, and articulate Nigerians with admirable business acumen are welcome - reality for the majority bites! One for the threads to get their teeth into! Hope you get to see it.