Jersey Showcases Offering In Nigeria

Jersey Finance, the island's financial services industry promotional agency, recently led a delegation of Jersey practitioners to Lagos, Nigeria, to showcase the island's offering.

A number of key stakeholder meetings were held, and a private wealth-focused seminar entitled "Jersey: a valuable partnership," attracted more than 130 private wealth lawyers, advisers and other Nigeria-based finance professionals.

Commenting on the visit, Jersey Finance Business Development Director Allan Wood said: "Nigeria has specifically been identified as a priority market for Jersey's finance industry. The country has a good track record of internationalizing wealth and a very positive outlook for economic growth, whilst it also has relatively modest barriers to capital movement, and a certain need for inbound international capital. All this combined means that there are some excellent opportunities for expert, high-quality International Financial Centers and, with a number of local firms now firmly embedded in the market, Jersey is at the very forefront to provide the solutions needed."

He added: "Jersey firms have been operating in the private wealth space in Africa for a number of years and the feeling now is that we are well placed as a jurisdiction to diversify our support for internationally dynamic African families."