Mr. Ahmed Kuru, the Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) now is the best time for strategic investor with long term focus.
Mr. Ahmed Kuru, the Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) now is the best time for strategic investors with long term interest to come and invest in Nigeria because the economy is facing challenges and the entry barrier is much lower.
AMCON MD, Ahmed Kuru
Kuru said in a statement released by AMCON that’s the recession Nigeria slipped into in 12016 should not serious-minded investors because the nation will come out of recession and be on the road to economic recovery soon.
“AMCON are inundated with proposals from different investors with different area of interest in the economy because Nigeria has a growing and promising economy as far as investment opportunities are concerned; but, it has to be for businesses and business owners that have long-term interest in Nigeria; long term objectives and long term strategy.”
Investors without these characteristics may be overwhelmed as a result of the current but temporary situation of the economy.
“As far as I am concerned, the present economic challenge is actually the right time to invest in Nigeria; a time to lay a solid foundation and then grow with the economy in no distant time.” Kuru explained.
He said AMCON would keep maintaining its tempo of recoveries, which started last year by concentrating strategically on value added exits of its portfolios which involves continued negotiations and resolution of loans through cash recoveries and forfeiture of assets by negotiation or enforcement.