The widely regarded manager of Franklin Templeton Emerging Markets Trust, Mark Mobius, has said that now is the best time to invest in Nigeria.
The investor, who made this known in a note on Thursday, says Nigeria is the most attractive frontier market destination.
“There are significant challenges ahead, but we believe the positives outweigh the negatives and think it’s a good time to invest in Nigeria – if we are patient and selective,” Mobius, who runs the Templeton Emerging Markets Trust said in a statement.
“We are particularly interested in opportunities outside the energy sector, in consumer products as well as financial services.”
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