Finally, Nigeria's presidential election is over! Free, fair
and peaceful were some of the words the global community used to
describe the elections which made history when the incumbent
administration conceded defeat. However, a long road still lies
ahead for both the country and the opposition since this is its
first time at the seat of power since the start of civilian rule in
1999. With its population about 20 percent of total African
population and an economy larger than the 15 West African countries
combined, the oil rich nation has remained a desired destination
for investors, holding significant untapped potential.
A Promising beginning
Against all odds, recent post-poll events have ushered in a
fresh wave of optimism. Nigeria saw its stock index rise by 8.3
percent and its currency the Naira rose by 7 percent against the
Dollar in the parallel market. Suddenly, the business environment
is showing a bullish stance after months of lull and inactivity.
