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Nigeria Sees More Investment After WEF Despite Boko Haram Cloud

Nigeria Sees More Investment After WEF Despite Boko Haram Cloud

Nigeria expects more foreign investors to see the country favorable after the World Economic Forum (WEF) that is taking place starting this Wedensday in the capital Abuja, despite recent bomb blasts and school abductions by the Islamist militants Boko Haram.

BusinessDay said there were little or no cancellations for the WEF in Abuja, which has so far attracted investors from as far afield as Asia, Europe, North America and Africa.

Nigeria has largest population on the continent that gives it one of the best consumer market. The West African country recently emerged as the largest economy in Africa with a GDP of $510 billion. Apart from being the largest oil producer in Africa, it is also the largest telecommunications market, the second largest beer market, SSA largest cement market, and the largest exporter of LNG

The Finance Minister, Ngozi Okonjo-Iweala, said investors see the WEF meeting in Nigeria as representing the continent’s largest business opportunity.