Parthian Capital Launches Funds to Drive Nigeria’s $1 Trillion Economy Vision
Parthian Capital Limited has unveiled two new investment funds aimed at supporting Nigeria’s goal of becoming a $1 trillion economy by 2030. The funds, the Parthian Money Market Fund and the Parthian Dollar Fixed Income Fund, were launched during an event in Lagos. These funds are a part of the asset management division of the Parthian Group and are designed to provide long-term value for investors across various sectors, including retail, high-net-worth individuals, and institutional investors. The move is seen as a key step in driving the nation’s economic growth, in line with President Bola Tinubu’s economic vision.
Group Managing Director of Parthian Group, Oluseye Olusoga, emphasized the pivotal role of capital markets in Nigeria’s economic development. According to Olusoga, the new funds are designed to help create sustainable growth while protecting the wealth of diverse investors. The funds aim to contribute to Nigeria’s capital market, which he believes is essential for the nation’s economic stability and expansion. Olusoga’s statement highlighted the importance of providing financial tools that can drive long-term growth and contribute to the broader economic goals of the country.
The chairman of Parthian Group, Adedotun Sulaiman, also underlined the importance of investment in Nigeria’s economic development. He stressed that Nigeria’s struggle with underdevelopment is largely due to a lack of capital, which impedes the country’s potential. Sulaiman pointed out that the capital market is the “oxygen” of any economy, and without sufficient capital, it is impossible to achieve sustainable growth. His comments reinforce Parthian Capital’s role in helping mobilize the capital necessary to drive Nigeria’s ambitious target of a $1 trillion economy.
The Acting Managing Director of Parthian Capital, Ibilola Ashcroft, expressed enthusiasm for the launch of the funds, highlighting their tailored structures to offer secure, diversified, and reliable investment solutions. The Parthian Money Market Fund is designed for low-risk investors seeking steady income, while the Parthian Dollar Fixed Income Fund offers a way to hedge against currency depreciation by investing in dollar-denominated securities. Both funds aim to empower Nigerian investors and support the broader economic transformation of the country.
SOURCE: PUNCH