OPINION:
Relatively quietly, Nigeria has become an attractive market for American businesses. In fact, the largest and most important market in Africa has become one of the 20 global destinations for foreign direct investment (FDI), and Nigeria receives the largest amount of FDI in Africa.
Over the past few years, the Nigerian government has put an emphasis on economic reform through privatization. Global businesses have created opportunities in Nigeria as a result of the government allowing private ownership of previously government-owned operations. By fighting corruption and helping create a business-friendly environment, Nigerian President Goodluck Jonathan has helped make his country the preferred destination for investors to do business — and, as a result, jobs are abundant.
A new generation of entrepreneurs and leaders in Nigeria are helping make Africa a place for innovation and exceptional growth. FDI continues to grow as the Nigerian economy becomes increasingly more robust. Nigeria has been recognized among the “Next Eleven” economies with the greatest potential to become one of the largest economies in this century.
After visiting Nigeria and talking to the country’s leaders and citizens, one becomes convinced Nigeria is a can’t-miss opportunity for global investors. It is for this reason that more and more American companies are directly investing in Nigeria. The list runs the gamut, from large corporations such as General Electric to small- and medium-sized businesses such as ours. If one wants to invest in a foreign market with a business-friendly environment, a solid workforce and an understanding of what it takes to be successful, Nigeria is the place to be. Nigeria is open for business.
WILBUR MILHOUSE
President, CEO
Milhouse Engineering and Construction
Chicago
ROBERT BLACKWELL
Founder, CEO
Killerspin
Electronic Knowledge Interchange
Chicago
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