Business Exodus From Nigeria Won’t Last, Billionaire Wiese Says
- Investors may wait for the government to adopt better policies
- Can’t ignore growing population of more than 200 million
Nigeria’s large and growing population is impossible for business to ignore and a recent exodus from the West African state won’t last, South African billionaire Christo Wiese said in an interview on Bloomberg TV.
“How do you ignore an economy like this?” said the former chairman of Shoprite Holdings Ltd., the continent’s largest grocer which left Nigeria in 2021. “Sooner or later the big players will enter again.”