Posted 3/1/2024, 4:33:49 PM
Billionaire Predicts Companies Will Return to Nigeria's Massive Consumer Market Despite Economic Woes
- South African billionaire Christo Wiese says companies will return to Nigeria due to its large and growing population
- Nigeria has over 200 million people and is the economic giant of Africa, presenting an attractive consumer base
- Wiese believes "sooner or later the big players will enter again" after the recent exodus
- However, Nigeria's economy has been fragile with economic reforms yet to yield positive results
- Wiese thinks most investors are waiting for Nigeria's economy to develop further and for the right government policies