UBM Montgomery West Africa has been looking to move forward on investment plans in recent months and announced that Nigeria may be that destination. According to the company's Managing Director, Nigeria's current economic progress positions it to be a vital strategic West Africa and global trade location. In Lagos, Managing Director Damion Angus unveiled the company's upcoming projects for 2012 and said that Nigeria has developed itself as one of the most enticing places for investment as a result of its fast growing economy and ease of doing business. He said, using recent World Bank research, that “Nigeria has really reached middle income status, with its abundant supply of natural resources and well-developed financial, legal, communications, transport sectors as well as a stock exchange which is the second largest in Africa.” He argued that Nigeria is well-positioned to make a splash in the next few years as its continued GDP growth has investors excited and as the world's 12th largest oil producer, this could help create the means for infrastructure, leading to further investment opportunities. “Having recognized the expansion and diversification of Nigeria economy as well as the need for a vehicle to bring the world's business to Nigeria, UBM Montgomery West Africa has expanded it's portfolio of events to include three world-leading expos … ICT West Africa, Afribuild West Africa and PROPAK West Africa,” he added. BM
