In the wake of controversial austerity policies and the continuation of religiously-based violence in several states, the global “occupy” movement has found a new home in Nigeria. While mass protests, strikes, and demonstrations have occurred before, this marks a new twist of protesters armed with social networking and seasoned with globalization; the free flow of ideas and strategies brought about by a rapid increase of inter-dependency.
Should Mass Protests Worry Investors?
The strength of civil society within a country, as shown through mass protests, should not worry investors. While there may be short-term risks to guard against, in the long-term civil society movements force greater transparency and responsiveness of government and a nations elites. They are the essence of good-governance and a hallmark of a free society. On the contrary, the presence of mass protests in Nigeria should encourage investors to move forward or begin to consider new investment opportunities.
Overall Forecast
While there are immediate concerns that require action to guard against in order to reduce exposure to risk, in the intermediate and long-term, the prognosis for steady growth and development in Nigeria remains. More Photos…
Kuranga and Associates Global Consultancy is a political and economic risk management firm with a principle practice area of Africa. To learn more about Kuranga and Associates go to www.kaglobal.net. © Copyright 2011 David Kuranga. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
David O. Kuranga; Ph.D.
Managing Director
Kuranga & Associates Global Consultancy
Phone: 212.363.0936
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/
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