Thursday, March 11, 2004

Vzla: Risky place for investment

Nigeria's hope of attracting foreign investment suffered yet another setback with the ranking of Nigeria atop countries presenting high risk characteristics among 50 nations in the world profiled by United States- based Aon. The ranking contrasts slightly with 2003 reports which ranked Bangladesh ahead of Nigeria in economic/political risks

The report which was based on 2003 political and economic events in the 50 countries surveyed classified Nigeria and Venezuela among countries where "geo-political risks; such as general strikes in Nigeria and political insurgency in Venezuela" have re-emerged and thus, decreasing the risk tolerance of investors, exporters and bankers.
Nigeria's got Islamofascists who are being aided and abetted by the Obasanjo government. Venezuela has Chavez. Both are repressive.

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