Nigerian Business CEO Says Foreign Investors Are Quietly Winning Big in Nigeria

(Adefemi Komiyo. Photo Credit; Vanguard News)

Adefemi Komiyo, the CEO of Fekomi Bitters, has stated why he gave up on intentions to move overseas, stating that he was persuaded by his recent trip that Nigeria still has a lot to offer those who are prepared to put in the necessary effort and invest.

The businessman stated in an Instagram post on Tuesday that he was shocked to learn that numerous strategically located lands had already been purchased by Chinese investors and other foreigners after traveling from Magodo in Lagos to portions of Ogun State.

He claimed that the sight caused him to wonder why, despite Nigeria’s infrastructure and economic problems, so many Nigerians are eager to leave the nation while foreigners continue to pour in.

When I arrived in Ogun State after driving from Magodo, I saw that the Chinese had purchased a large number of the properties, particularly those in strategic areas.

He remarked, “It made me question why these folks continue to travel to and remain in Nigeria in spite of all the issues that exist there.

The business owner pointed out that while many Nigerians concentrate primarily on the nation’s problems, foreigners are still finding possibilities in Nigeria and making money from them.

“Why can’t we stay back and adapt to reality if these individuals can enter this country and become successful? “Foreigners continue to arrive here,” he said.

The head of Fekomi Bitters compared the country to South Africa, saying that while many residents complained about foreign competition, foreigners had migrated there over the years in quest of economic possibilities.

It’s similar to how immigrants came to South Africa to work and succeed while some South Africans just grumbled. “I hope we don’t reach the point where we start to feel envious of foreigners who are doing well here,” he continued.

Mr. Komiyo insisted that wealth creation is still achievable in Nigeria and advised people to seize possibilities in industries including manufacturing, agriculture, and the capital market.

He claims that among the sectors with substantial growth potential are production, agriculture, and stock market investments.

Invest in production, agriculture, and the stock market. Making money in Nigeria is simpler than most people realize, particularly when using the stock exchange, he claimed.

The businessman insisted that his observations reinforced his conviction that moving overseas is not the only route to success, contending that Nigeria is still a country full with chances for those who are willing to see and take advantage of them.