2015 Elections: Jonathans Loss is Good for Nigerias Economy - ONeill inShare Lequte Angry Lequte Senior Member Jim ONeill, former chairman of Goldman Sachs Asset Management, has stated that a loss by Nigerian President Goodluck Jonathan in general elections next month may be viewed “positively” by foreign investors and probably won’t rattle markets. Speaking in an interview in Abuja, ONeill said Jonathan has presided over the sale of the nation’s mismanaged power utilities to private investors, and his economic policies in the last four years “could have been better,” He added that the firing central bank Governor Lamido Sanusi last year, who brought “a lot of credibility” to the government, sent out a negative signal, he said. “If he doesn’t get re-elected, and it’s because of Nigerian people wanting something different and something better, I think the markets would be happy with that,” said O’Neill. “Foreign investors are pretty negative about Nigeria, so I don’t dismiss the possibility that if he lost people actually might react positively.”
Posted on: Mon, 12 Jan 2015 21:05:11 +0000