NBCC January 2019 Breakfast Discusses Economy and Business Outlook


Friday, January 25, 2019 6.00PM /Bukola Akinyele for Proshare WebTV


Nigeria British-Chamber of Commerce (NBCC) hosted its first breakfast meeting for the year on Thursday, January 24, 2019.

The gathering brought together leaders of Nigeria’s local business community and provided an opportunity for members of the Chamber to gain insight into developments that will shape the business environment in the year.

President of Council of the NBCC Mr Akin Olawore in his opening remarks said the nation needs to turn under-employment to full employment.

He argued that any a nation that had its people engaged in various jobs will be productive and progressive.

The NBCC President reminded the members and other stakeholders that in October, 2018 the chamber looked at technology and jobs, especially against the background of the threat to ‘old economy’ jobs by the onslaught of innovations such as Artificial Intelligence and Robotics.

Olawore informed stakeholders that the NBCC will organize an SME Forum that will focus on capacity building and providing literacy and exposure to financial services.

The NBCC SME Forum according to the President will hold in February, 2019.

Apart from the SME forum Olawore also stated that the chamber will carry out an inward mission on “Property Tech”. This will provide members and key players in the real estate and property industry, insights into how technology is being deployed to transform real estate.

One of the panelists at the event Mr Austin Okere, Executive Vice Chairman of Computer Warehouse Group reflecting on the economic outlook and business environment for 2019, described 2009 as the toughest year experienced considering the global meltdown and its ripple effects at the time.

He believed that companies that will make significant business impact in 2019, are the ones that are structured, understand risk management and can meet the requirements of value innovation.

Okere noted that the outcome of the 2019 Presidential and state elections will be critical while companies will price in likely results.

He emphasized the need for businesses to adopt market creative innovation to navigate the challenging environment in the curse of the year.

The ICT expert made a case for a policy environment that encourages shared prosperity that will deepen the economy.

The second NBCC Breakfast meeting in 2019 will look at “BREXIT”.

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