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BSR 2017:Diversifying The Nigerian Economy-Opportunities For Investors

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Wednesday, November 01, 2017 6.00pm/Proshare WebTV

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.

Discussing  “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 predictability.

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.

Governor  Godwin 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 principles.

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.

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