Wednesday, 24 March 2010

All Eyes On Jonathan



Dr Da Vinci, is still optimistic about Goodluck, even more so since she spotted an article in today's independent.

It's just over a week since he dissolved the entire cabinet and investors are watching subsequent developments extremely closely to ascertain which direction Mr Jonathan is steering Nigeria.

As the names begin to leak, Dr Da Vinci becomes increasingly encouraged. The direction seems to be towards reform......

I'm focussing particulary on his choice of Mr Olusegun Aganga, a London-based managing director at Goldman Sachs. His inclusion appears to signal the acting president's intent to move ahead with critical banking reforms and bring in new-blood to what was seen as Yar'Adua's failing administration.

The nomination of Mr Agang – who heads up Goldman Sachs' hedge fund consulting services in London – comes as Nigeria is set to test its strength with foreign investors with a planned $500m debut global bond.

Dr Da Vinci thinks this is an excellent step in the right direction and believes that the Nigeria diaspora holds enormous potential,some of which Mr Jonathan is already tapping into.

In earlier posts,Dr Da Vinci has spoken at length about the various ways the diaspora can contribute to Nigeria's development and hopes that this is a trend that will continue.

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