Wednesday, November 01, 2017
The Nigeria Capital Markets
and Banking Forum which held on October 27, 2017 at the London Stock Exchange,
10 Paternoster Square, London in collaboration with the Nigerian Stock Exchange
and in partnership with Afrinvest, hosted a panel discussion that featured
speakers such as Hon Dr. Kayode Fayemi Minister of Solid Minerals Development,
Patience Oniha Director General, Debt Management Office, Godwin Obaseki
Governor, Edo State, and Oscar N. Onyema CEO, The Nigerian Stock Exchange.
“Diversifying Nigeria’s economy-Opportunities for Investors” , The Minister of
Solid Minerals Development, Dr. Kayode Fayemi opined that economic
diversification had the prospects of increasing Nigeria’s resilience, thereby
contributing to achieving & sustaining long term economic growth and
development in the country.
Fayemi shared how the
Minerals sector can support the diversification of the economy, through the
adoption of technology to build a viable mining sector. He noted that
investors are always attracted to an environment with policy certainty and
The Minister stressed
that in reforming the mining sector, the focus is ensuring that the
private sector is incentivized, to participate and bring in new investments
into areas like exploration.
Obaseki of Edo State who gave his perspective on the Economic Recovery
and Growth Plan(ERGP), emphasized the fact that investors have to
feel very comfortable to come and invest in the country. This he believed can
be achieved through robust institutions and effective corporate governance
Obaseki acknowledged the
efforts so far of the Federal Government in the ongoing reforms, to improve the
Ease of Doing Business indices in Nigeria.
He asserted that the
country was blessed with abundant natural and minerals resources, which must be
harnessed through the adoption of technology solutions to drive the economy.
The Edo State Governor
also harped on Agriculture as a vital sector, Nigeria must continue to invest
in to experience economic growth.
Speaking further he
identified job creation as a top priority for engaging the teeming
unemployed youth in the country.
Highlight of the event
was the launching of the Afrinvest 2017 Banking Service Report, led by the CEO,
Afrinvest Mr Ike Chioke with the Central Bank Governor of Nigeria, Mr Godwin
Emefiele in attendance.