Nigeria is Africa’s largest economy and one of the continent’s most closely watched markets. Since the election victory of Bola Tinubu, significant changes are being made whose impacts will not only be felt domestically but across the continent and the globe. With the cutting of fuel subsidies, the unification of foreign exchange markets, and even the possible partial sale of the national power utility, a new Nigeria may be on the horizon, and markets have responded accordingly.  

What happens next? With major reforms seemingly increasing investor confidence, how will that confidence be translated into dollars? In particular, how can foreign investors as well as Nigeria’s growing domestic institutional investor base be better mobilized to ensure that finance flows towards those sectors that need it the most, such as long-term infrastructure and sustainability projects? How can Nigeria best position itself not only to attract these flows but also to ensure that they deliver on growth, and what experiences from other countries can it draw on? Leveraging insights from Nigeria as well as from other markets, this private session will consider how government can best capitalize on the current uptick in investor sentiment, and also examine the responsibilities of domestic and foreign institutional investors in bringing about much-needed long-term investments and continued prosperity across Africa. 

Moderator

Jingdong Hua

Vice-Chair, International Sustainability Standards Board (ISSB)

Speakers

Miguel Azevedo

Managing Director, Chairman of Investment Banking Middle East and Africa, Citigroup

Chinua Azubike

CEO, InfraCredit

Ndidi Nnoli-Edozien

Co-Founder, ToroNet; President and Founder, Growing Businesses Foundation

Aymeric Saha

CEO, MiDA Advisors