Up to a few years ago, the AfricaRising narrative was preeminent in global investment discourse having
taken root at the turn of the millennium. An inevitable crash in commodity prices then revealed the
fundamental flaw in the tale. Africa’s fortunes, contrary to the bullish promise of Africa Rising, remained
deleteriously tied to fluctuations in global commodity prices. So sudden was the subsequent dismantling
of the narrative that dependency theory, the notion of international terms of trade contriving the perennial
dependency of poor countries on rich ones, found new proponents.
Yet, Africa undeniably remains a land of vast opportunity and none of its countries more so than Nigeria.