[Nigeria Business Week] Optimism grows with investments

It has been said by several economic experts that the country’s path to greatness lies on the fields of Agriculture, and not on petroleum. The evidence of progress in the Agribusiness sector is the increment in the export of agricultural products that this year has seen so far. International conglomerate Nestle is also showing an active interst in improving sustainable farming in Nigeria.

Another institute that has bet on Nigeria is the African Export-Import Bank (Afrexim) who has to date invested an impressive $17billion in financing projects in Nigeria. The indigenous banks are also releasing information on their performance, like Union Bank, one of Nigeria’s oldest banks, who recently received the Payment Card Industry Data Security Standard recertification.

The regulatory authority, Central Bank of Nigeria, made headlines also, first welcoming its new Deputy Governor as appointed by President Buhari, and issuing guidelines on the bilateral Currency Swap agreement between Nigeria and China.

New in the ICT sector is BBM signing on Eskimi in an advertising partnership deal.

The job shortage as well as youth qualification remains an issue of concern. Act4Accountability and the Mastercard Foundation make an effort towards this by launching DISYTO, an initiative of youth training in Nigeria.