Nigeria’s investment climate holds significant potential; however, corruption and fraudulent practices are major obstacles to fostering a conducive business environment, according to Bayo Chisom Iwu, Founder and CEO of Kyvatron, a multinational arbitrage trading company.
In an exclusive interview, Iwu pointed out that the actions of a few individuals have marred Nigeria’s reputation, pushing it to the margins in the global business arena. “Corruption has led to international challenges for Nigeria, damaging its reputation and limiting business opportunities,” he stated.
Iwu says that Nigeria could learn from China’s stringent anti-corruption policies. “Countries like China implement strict anti-corruption measures, which increases their attractiveness to foreign investors,” he remarked.
For Nigeria to compete on a global scale, addressing corruption and enhancing transparency is crucial. “To be competitive in the 21st-century business landscape, Nigeria needs to take decisive action against corruption,” Iwu emphasized.
Despite these challenges, Kyvatron has found success in Nigeria’s arbitrage trading market. Founded in June 2022, the company specializes in sourcing commodities and currencies at low bulk prices and reselling them for profit, effectively mitigating traditional investment risks.
Kyvatron’s innovative business model has caught the attention of investors looking to hedge against inflation and financial instability, with returns reaching as high as 23% per month. The company aims to broaden its operations in Nigeria, raising awareness about arbitrage trading while providing secure investment opportunities.
