By Eni Olukotun
A renowned investment analyst and Co- founder of DKB Markets, Dr Aderemi Banjoko has decried the attitude of Nigerians to investment in the financial market disclosing that over 80 percent of Federal Government’s treasury bills and bonds are bought by foreign investors while Nigerians reluctantly subscribe for paltry 20 percent.
Banjoko, who has been investing and training investors in Financial market for over two decades revealed that foreign investors were jostling to buy Nigerian Government’s security bills which he adjudged as one of the most lucrative in the world.
The British-trained Gynecologist turned investment expert said this at an Investment seminar held in Lagos today.
‘It is pathetic to see foreigners investors over-subscribing Federal Government’s treasury bills and bond while Nigerians are busy playing the Ostrich. The truth is Nigeria’s Federal Government’s treasury bills offer one of the best returns on investment of between 10 and 13 percent guaranteed’, he declared.
While addressing attendees of the seminar who were mostly young and upward mobile Nigerians who were desirous of achieving financial freedom, Banjoko argued that Investment in financial markets remained one of the veritable ways of escaping poverty and financial hardships.
He contended that for people to escape poverty, their earnings should far outpace the current Nigeria’s inflation rate of 8.7 Percent. Banjoko, therefore urged the audience to make their money work for them by prudently investing in financial market which according to him requires little capital. “ Money is the best employee. It does not go on holidays, no sick leave and work round the clock. So, use your money to work for you”, Banjoko told to his audience who were stunned by the opportunities in the nation’s financial market.
He charged them not to dilly-dally on investment decision but rather act proactive. Banjoko further noted that to succeed as an investor, four major skills were indispensable – Knowledge on how to value money, How to control money, Knowledge of how to save money and how to invest money.
Asked of how to mitigate against the volatility of the capital market, Banjoko advised that prospective investors should be armed with credible working knowledge on the areas of investment interest noting that it was practically impossible to predict the outcomes in the market saying it was largely determined by market forces of demand and supply.
