Nigeria Poised As The Financial Hub of Africa

[Stockbear]

Nigeria as we know is a blessed nation. It is blessed from an economic standpoint and equally blessed from a spiritual standpoint. All that is left, is for us to rise to the challenge before us and build our nation into the "giant of Africa".

Nigeria can on its own (all things being equal - economic growth, proper leadership, direction and stability) financially sustain Africa as a whole. This is a "fact" we have always known, but is yet to materialize.

Our leadership from here onwards will determine our economic liberation as a people and as a force to be reckoned with it the financial world.

The article below and the attached article from the The Guardian has a lot to say about our future in the hands of the likes of Soludo:

My vision for Nigeria – Soludo
By SEUN ADESIDA
Monday, January 1, 2007
Professor Chukwuma Soludo

Professor Chukwuma Soludo, the Central Bank of Nigeria governor is an ideas man. Apart from brewing ideas, he practicalises them. When he came up with the idea of consolidation in Nigeria’s banking industry, which required that banks raise their capital base to N25billion, many called him the greatest joker of the year. But Soludo was undaunted.

Financial hub
We are not the largest economy on the African continent, South Africa is the largest economy in Africa, Nigeria is probably inching second after Egypt, but it has the potential to be the largest in Africa, and that is why she needs to be the dominant financial services provider in Africa for sustainable economic transformation.

Usually a financial hub has larger financial service than the requirement of the local economy. This is a defining characteristic of most financial hub, they have more financial services than requirement of the domestic economy. Nigeria today is a regional growth pool for Africa. South Africa in the Southern and Eastern part Africa, while Nigeria in the West and Central Africa.

....Considering the level of exploration going on in the Gulf of Guinea and the reforms going on in Nigeria, leaves Nigeria at the most advantage position to be the financial hub for the region.

http://www.sunnewsonline.com/webpage...1-2007-001.htm