Investing in Nigeria

By | April 29, 2008

I just read here that Nigeria is the

“fastest growing generator” of sovereign wealth over the last five years, recording a growth of 291 percent.
Nigeria outperformed other countries that had also made significant progress including Oman, which grew its sovereign wealth by 256 percent; Kazakhstan (162 percent); Angola (84 percent); Russia (74 percent), and Brazil (65 percent).

This comes two weeks after I read that J.P Morgan is returning to Nigeria, planning to establish a 40-man strong office.

Is the Nigerian economy really that attractive?