Here is a feel good assurance for Ecobank investors who are worried about the fall in oil prices, exchange rate depreciation in Nigeria and as it affects Ecobank results. Here is what he had to say.
“So far so good; Nigeria is our biggest operation. Even though oil and crude oil priceshave had impact on our business, it has not encountered downside risks.”
“Things are good in Nigeria. We are resilient and absorbing whatever impact to date very well.”
Essien said investors needed to make long-term INVESTMENTS decisions as this was not an in and out thing.
Investors need to prepare properly so as to understand the local environment. Investors also need to have a focus as to what one wants to do,” he added.
“I think Africa offers great opportunities, the continent offer good returns even though there are challenges these challenges are surmountable.”