Bolaji Balogun, Calls For Productive Economy that Creates Jobs

Tuesday, April 09, 2019 6.00PM / Nifemi Taiyese  for Proshare WebTV / Header Image Credite: Lafarge Africa

Mr Bolaji Balogun, CEO of Chapel Hill Denham and Chairman of Lafarge Africa, is one of a number of investment analysts, that have made consistent contributions to the development of capital market trading. 

At the 3^rd Nigerian Securities and Exchange Commission Budget seminar in Lagos, he moderated a panel discussion. 

As the panel rounded up, Balogun used the opportunity to share his thoughts on the economy and the need for productivity. 

According to him a day in the country is like a billion dollar day, although people may not see it from that perspective. 

He observed that Nigeria for example has the highest number of public holidays among nations on the globe. 

Balogun  said that the reality for Nigeria was every time the economy is shut down, it is always difficult to bring it back up with the same momentum. 

Speaking further he was of the view that Nigerians must fundamentally recognize that the speed at which population grows does not wait for anyone. 

“Last year within a space of 40 days about three major European Union leaders visited Nigeria with the consistent message of 40-50% of migrants coming from Nigeria to their shores” He said . 

Balogun  said it is very easy for the migration issue to be ignored /dissolved but it is also more important to note that Nigeria should be creating jobs for the Nigerians landing on the coasts of Europe. 

He said “Going through the Sahara Desert and Mediterranean Ocean simply means that these Nigerians have vision which is what the nation needs to grow”. 

The investment expert  noted that opportunities should be created for people and jobs should be made available to them.

This further buttresses the points made by several economists, financial analysts and international development agencies that Nigeria needs to drive inclusive economic growth. 

By 2050 Nigeria is projected to emerge among the top five most densely populated countries on the globe.

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