Nigeria’s investment landscape is brimming with potential, yet it faces significant challenges, particularly corruption and fraudulent practices, as highlighted by Bayo Chisom Iwu, the Founder and CEO of Kyvatron, a multinational arbitrage trading company.
In an exclusive interview, Iwu emphasized that Nigeria’s global image has suffered due to the actions of a few, leading many in the business world to view the country as nearly a pariah. “Corruption creates international challenges for Nigeria, tarnishing its reputation and limiting business opportunities,” he explained.
Iwu pointed to China’s strong anti-corruption strategies as a template that Nigeria should consider. “Countries like China have adopted stringent anti-corruption policies, making them far more attractive to investors,” he noted.
He stressed the importance of addressing corruption and enhancing transparency if Nigeria hopes to compete on a global scale. “To be competitive in the 21st-century business environment, Nigeria must take decisive action against corruption,” Iwu asserted.
Despite these challenges, Kyvatron has successfully navigated the arbitrage trading market in Nigeria. Established in June 2022, the company specializes in sourcing commodities and currencies in bulk at lower prices, subsequently reselling them to generate profit, thereby reducing traditional investment risks.
Kyvatron’s innovative approach has caught the attention of investors seeking to hedge against inflation and financial instability, with reported returns as high as 23% per month. The company also plans to expand its operations in Nigeria, with aims to raise awareness about arbitrage trading and provide secure investment opportunities.
