“Election periods in Nigeria are typically associated with heightened uncertainties, which generally impede business decisions and slow down economic productivity. “Prudent investors in the sector will naturally want to act cautiously by consolidating ongoing projects and awaiting post-election signals before embarking on ambitious upstream investments,” he said. Olawuyi however noted that while the uncertainties might stall growth in the sector, but won’t result in major shifts in current investment trends. We will have investment but the kind of growth we require to achieve economic goals will not come until there is clarity in the sector. Nigeria lacks stability and investors want their money in a place where they are sure of their investment.

Source: The Guardian February 06, 2019 04:30 UTC