A key economy that we noted within our top 20 rankings, is Nigeria. Doing our 'Where to Invest' rankings of 2021, it goes without saying that we did our rankings at a time when global conditions were absolutely brittle.

One of the impacts of the pandemic was the fact that, during the course of 2020, oil prices tanked across the board. Over the course of the next few years, we should see some recovery in this sector. I mention this because one of the economies therefore impacted was Nigeria, whose export earnings had to take quite a bit of a knock given the fact that production numbers had to be cut in view of what was taking place across the wider market.

The Nigerian economy, however, still remains one of the larger economies across the continent. We think that over the next few years, while growth will remain relatively muted, likely growing by just over 2%, we have the opportunity to expand in other key sectors that weren't necessarily explored previously.

A big focus for the Nigerian market from an infrastructure development perspective will be, of course, the Dangote refinery. But in other areas as well, there should be focus for them to improve their export earnings basis.

They have secured, they have managed to increase, the investments across gold production, which we think will be key for this market over the next few years. And with support of both multilateral and bilateral funding, we think that this economy will have a stronger fiscal footing over the next two to three years.