Nigeria: 'The Boom Isn't Over, It's Still To Come'

A money changer counts Nigerian Naira at a bureau de change (AP Photo/Sunday Alamba)

Muhammadu Buhari’s honeymoon period as Nigerian president is well and truly over. The collapse in the oil price over the past 12 months has left his government — and country — desperately short of hard currency, and forced him to trim spending.

Global investors have scaled back their exposure to the country, as currency controls and a slowdown in growth hit sentiment.

Yet Amy Jadesimi, the managing director of one of Nigeria’s most successful companies, says that despite the pessimism that has infected international perception, the country still has an unprecedented opportunity to grow — if it is able to mobilize domestic capital for development.

Read more: Nigeria: ‘The Boom Isn’t Over, It’s Still To Come’ – Forbes