The Chairman of Heirs Holdings, Tony Elumelu, has encouraged serious-minded investors to see the huge investment opportunities that abide in Nigeria.
He added that the country offers high returns on investments.
He gave his position during a one-day investors’ webinar organised by the Bureau of Public Enterprises in collaboration with Nigerian Exchange Group and Nigerian Investment Promotion Commission.
Elumelu, who is also the Chairman of the United Bank for Africa (UBA), spoke on the theme, “The Nigerian Business Environment, Prospects and Challenges.”
His words, “there is nowhere else you can get the type of returns on investments that you get in Nigeria, especially in some of these critical sectors like power.”
“In 2013, we invested in the power sector and at the end of that year we paid dividend. So, we do see opportunities here and we do have high returns on investment. We just invested in the Afam Power Plant and in the past few months we have been able to increase production by 241 per cent generation. This is the kind of experience we have investing in Nigeria,” he said.
