This is partly due to inherent economic weaknesses such as insufficient diversification of the economy, high security risks, a complex business operating environment and inadequate infrastructure. Financial sector and overall economic success will require the CBN and Nigeria to do a lot of heavy lifting in many policy areas.
Gertrude Tumpel-Gugerell: EU priorities for investment funds and EU securities infrastructures Speech by Ms Gertrude Tumpel-Gugerell, Member of the Executive Board of the European Central Bank, at the EUROFI Conference, Nice, 11 September 2008.