{"id":12012,"date":"2012-07-01T12:07:24","date_gmt":"2012-07-01T10:07:24","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/analysis-nigeria-a-rugged-road-to-high-returns\/"},"modified":"2012-07-01T12:07:24","modified_gmt":"2012-07-01T10:07:24","slug":"analysis-nigeria-a-rugged-road-to-high-returns","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/analysis-nigeria-a-rugged-road-to-high-returns\/","title":{"rendered":"ANALYSIS-Nigeria, a rugged road to high returns"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Investors undeterred by litany of disasters in Nigeria<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Gov&#8217;t interference bigger risk than insecurity<\/p>\n<p><span><\/span><\/p>\n<p>* Telecoms sector shows money to be made despite environment<\/p>\n<p><span><\/span><\/p>\n<p>By Tim Cocks<\/p>\n<p><span><\/span><\/p>\n<p>LAGOS, July 1 (Reuters) &#8211; Bomb blasts, gun attacks, airline<br \/>\ncrashes, kidnappings, industrial-scale oil theft, armed<br \/>\nrobberies and fraud costing billions of dollars.<\/p>\n<p><span><\/span><\/p>\n<p>Such things might give pause to anyone thinking of opening a<br \/>\nbusiness. In Nigeria, they happen with alarming frequency, and<br \/>\nyet investors just keep coming.<\/p>\n<p><span><\/span><\/p>\n<p>The reasons are many: alluring returns in this high-risk<br \/>\nfrontier market; a huge and growing population with latent<br \/>\npotential for a consumer boom; light crude oil ideal for making<br \/>\nmotor fuel; and sophisticated financial markets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We know it&#8217;s not risk free,&#8221; says Charles Robertson, global<br \/>\nChief Economist at Renaissance Capital. &#8220;But look around the<br \/>\nworld and find another economy with 160 million people growing<br \/>\nat 7 percent with such potential. It&#8217;s a struggle to find them.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Nigeria can look like it&#8217;s teetering on the cusp of chaos,<br \/>\nbut it is also Africa&#8217;s second biggest economy and top oil<br \/>\nproducer.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Investors undeterred by litany of disasters in Nigeria * Gov&#8217;t interference bigger risk than insecurity * Telecoms sector shows money to be made despite environment By Tim Cocks LAGOS, July 1 (Reuters) &#8211; Bomb blasts, gun attacks, airline crashes, kidnappings, industrial-scale oil theft, armed robberies and fraud costing billions of dollars. Such things might [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12012","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12012"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12012\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}