Nigeria holds big rewards for brave investors

Nigeria doesn't immediately spring to mind as the next hot investment prospect. But with abundant natural resources and a young workforce, it may finally be about to fulfil its potential. James McKeigue investigates, and picks the best ways to invest.

Nigeria has problems. But it is sorting them out, and also has plenty of natural resources and young workers. It's a buy for the brave, says James McKeigue.

When considering the next hot investment prospect, the name Nigeria doesn't immediately spring to mind. The gruesome images from recent bomb attacks and riots that left 800 people dead in the country was confirmation for most people that this is a dangerous, volatile place. The violence in the Muslim northern provinces was triggered when Goodluck Jonathan, a Christian southerner, won April's presidential elections. Yet, despite the violence, seasoned investors in Nigeria were upbeat about the elections. For them the first fair elections in 30 years are a sign that Nigeria is finally about to come good on its potential.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.