Smooth transition from one civilian president to another, first in the history of the country, a population of about 150 million people, an educated (and sophisticated) middle class and abundant natural resources with oil and gas on top of the chart, Nigeria is gradually emerging as the preferred business destination in sub Saharan Africa, and would overtake South Africa shortly. The Chinese National Oil Company, Petrobras, Korean and Singapore Oil companies have in recent times joined the likes of Shell, Exxon Mobil, Chevron Texaco, Totalelfina, Amoco, and Halliburton etc in upstream and downstream oil and gas activities. The Russians are asking themselves why it took them this long to enter the booming Nigerian oil industry. Well, with the Asian Tigers here, the Russians may have to work a bit harder. MTN, a South African mobile phones company, Celtel, UAE owned, Glo, an indigenous company amongst others are slugging it out in the competitive world of mobile telephony. Visafone, the
Comments