Written by Henry Kester Ewruje

The world is going through a global economic crisis but African countries have remained relatively unaffected by the first round of the crises.
In a write-up for Gateway Nigeria, Naija4ever, started that “Nigeria’s economy grew by 5% last year despite the Niger Delta crisis and the epileptic power supply. Why am I not surprised?
With this kind of economic growth, I cannot but agree that the attainment of vision 2020 by the federal government is possible, when the country hopes to become one of 20 top economies in the world.
The Central Bank of Nigeria gave the nations economy a clean bill of health with the domestic macroeconomic environment remaining resilient in 2008 despite continuing global economic melt down.
Financial experts say the economy is likely to remain insulated from the adverse effects of global financial crises because of limited exposure of our financial institutions to the global financial markets and the underlying cause of the crises.
Many things have been said and written about the country’s hyra-headed multifariously stunted economy. The economy is no doubt in dire straights.
Some aspects of the economy need urgent attention such as electricity, high prices of petroleum products, health care, food crises, insecurity, education, infrastructure, agriculture, Niger-Delta and employment.
Competence and confidence are fast losing ground in the country and in our people.
Surprisingly, economic and financial experts say the nation is a safe haven for investment.
Since Obasanjo’s tenure as president the only areas where growth were recorded were in the banking and telecommunications sector, but there are reports of likely explosion in other areas of the economy.
As much as we want to before optimistic about Nigeria, we are struck in the face by some brazen realities that it will be foolish to live in a false sense of grandeur. What business can anyone do with less than one hour of electricity a day? Anyway, there are those who can afford diesel for their generators.
Life however, becomes meaningless when the people abandon hope. Only emergency actions can ameliorate the extensive damage done to the psyche of Nigerians and the structure of the economy. The country’s natural and human resources have not been properly husbanded and deployed since independence in 1960.
Nigeria has come out tops in global surveys carried out on every negative indicator-poverty, human rights violation, life expectancy, transparency, government, science and technology, HIV/AIDS. Literacy, health, unemployment, violence and corruption.
Many people are thinking that the country would soon collapse.
Surprisingly, the highly credible Merrill lynch came out in November last year, with an economic survey, and the result is that Nigeria is the world’s safest economy, meaning the least vulnerable economic environment.

By this pronouncement, Nigeria may attract huge attention and investments. This is at a time when the USA, leads other countries in the risk zone including the UK, Euro zone, Bulgaria, Sweden, Hungary, Romania, South Korea, Switzerland and Australia.
Merrill Lynch came out in the economic survey that Nigeria, including Mexico, Philippines, Columbia, Egypt, Oman, Indonesia, Peru, China and Russia.
Merrill Lynch and Co, Inc is global financial services firm. Through its subsidiaries and affiliates, the company provides capital market services, investment banking and advisory services, wealth management, asset management, insurance, banking, and related financial service worldwide.
Merrill Lynch has its headquarter in New York City, and occupies the 34 stories of the Four World Financial Centre building in Manhattan. It survives on future studies and forecasts, and does not joke about it.
Nigeria should attract huge attention and investments. It is time for Nigerians abroad to come back home, and invest in the economy.

Nigeria is ripe for investment.

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