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 3rd 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.


Proshare Nigeria Pvt. Ltd.

Related News

1.         Headline Inflation To Slip Further To 11.2% in March 2019

2.        Weekly Economic and Financial Commentary - April 01 - 05, 2019

3.        Policy Momentum, Management Inertia – LBS Executive Breakfast Session – Apr 2019

4.        How Stanbic IBTC is Impacting the Nigerian Industrials and Mining Industry - Bolatito Ajibode

5.        Human Capital, Technology Key to Nigeria’s Growth - Prof Acemoglu

6.        FAAC Disburses N660.37bn in February 2019

7.        Weekly Economic and Financial Commentary – WE 22nd March, 2019

8.       Why The FG Needs to Drive Pro-Market Policies - Prof. Uche Uwaleke

9.        The Class War Between The Poor and The Very Poor – LBS Executive Breakfast Session – Mar 2019

10.    Fragile Balance of Payment Position: Policy Options - FSDH

11.     Commentary On The Service Charge For Payers Under TSA e-Collection Scheme

12.    All Region Terms of Trade Fell -2.78% Due to a Fall in the Prices of Goods Traded in Africa - NBS

13.    Headline Inflation Down To 11.31% in February 2019 - FDC

14.    Headline Inflation Increases By 11.31% YoY in February 2019; 0.06% Lower Than January 2019 Rate

Proshare Nigeria Pvt. Ltd.

Related News