Financial expert, Dr. Abubakar Muhammad, is confident that unlocking the potential of the commodities market will pave the way for Nigeria’s sustainable economic revival. Despite the country’s sluggish economic growth, which has led to widespread poverty, Muhammad believes that Nigeria can achieve an average growth rate of 3.4% between 2023 and 2025 through strategic investment in the commodity sector.
Muhammad, who is also the chairman of Assetium Capital Management Limited, a reputable commodity broker/dealer company, shared his views during a press conference held in Abuja to introduce the firm. He emphasized the importance of harnessing the potentials of the commodity market to ensure food security, aligning with the promises made by President Bola Tinubu’s administration.
Kelvin Ihongbe, a Director on the company’s Board, further elaborated on the significance of commodity investment stating, “With commodity investment, you can’t go wrong.” He pointed out that the President’s focus on food security is aligned with their goal of using this business to provide food security, employment opportunities for Nigerian youths, and value for investors’ money.
To ensure prudent investment decisions and mitigate risks, Kunle Awoluyi, the Chief Executive of the firm, revealed that they have established a risk management committee. This committee will provide expert advice on every investment and associated risks.
Muhammad expressed the organization’s commitment to establish a prominent presence as a major player in the commodities sector. Assetium Capital Management Limited remains steadfast in its dedication to attract investors seeking opportunities within the commodities space, facilitate their participation on licensed commodities exchanges, and explore the immense potential of the export market.
By tapping into the commodities market, Nigeria has the opportunity to drive economic growth, increase food security, provide much-needed employment for its youth, and offer valuable investment prospects. With the right strategies and investments, the country can set itself on a trajectory towards sustainable economic progress.
Olusola Akintonde/Punch
