FTSE Russell reclassification: Expert reveals what Nigeria must do to attract foreign investors

Financial expert and Professor of Accounting, Godwin Oyedokun, has reacted to plans by planetary scale provider, FTSE Russell, to reclassify Nigeria arsenic a Frontier Market.

Oyedokun, successful an interrogation with DAILY POST connected Thursday, said Nigeria should not lobby planetary scale providers for reclassification.

This comes amid reports that FTSE Russell is acceptable to reclassify Nigeria successful September aft placing the country’s reclassification nether “further review” implicit concerns that the Nigerian superior marketplace moved from a T+2 to T+1 colony rhythm connected June 1, 2026.

FTSE Russell’s June reappraisal presumption connected Nigeria had paused its earlier determination to reclassify Africa’s astir populous state arsenic a Frontier Market.

However, the latest reported presumption has sparked reactions from experts implicit its imaginable interaction connected the country’s economy.

Reacting, Oyedokun stressed that the state should absorption connected creating a amended concern situation that makes an improved classification inevitable.

He, however, said FTSE Russell’s projected reclassification to Frontier Market presumption is simply a measurement guardant and ...