Mr Nonso Okpala, the Group Managing Director of VFD Group, an investment firm that focuses in the real sector, says the company plans to source for more capital beyond the shores of Nigeria.NAN reports that the VFD Group was listed on the Main Board of Nigerian Exchange Ltd. on Oct. 9.
NAN recalls that the listing of VFD Group’s shares added more than N45 billion to the market capitalisation of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation. According to him, access to capital is also a significant consideration for VFD Group which strives to capitalise on such opportunities.Diarrhea: Proper hand washing by Nigerians‘ ll reduce 50% death rate - Prof Utsev
Okpala said the management of the company saw opportunities in the new ways of doing things, hence its listing on the exchange at a period that the Federal Government embarked on liberalisation of the currency and fuel subsidy removal which were considered as economic challenges. He, however, noted that the opportunities from such expansion would be subject to the kind of funding accessible.
“Our model is that one can easily replicate whatever you do successfully in Nigeria and in many African countries. That’s why we are exploring the model we have in Ghana.He also said that one of the clear-point by the group was the plan to upgrade one of its investee companies, Abbey Mortagage, from a mortgage to commercial bank.
He said that the ease of resolving conflicts with respect to rule of law is important to any business and transactions.