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One-Day Conference on Nigeria’s Economic Outlook by Ayo Teriba holds March 16

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Monday, March 06, 2017 7.01 AM / Economic Associates 

Economic Associates (EA) will host a one-day conference on Nigeria’s Economic Outlook on Thursday, 16 March 2017 at Radisson Blu Hotel & Anchorage, Ozumba Mbadiwe Street, Victoria Island, Lagos. 

Participants will discuss latest facts on global, national, sectoral, and sub-national drivers of Nigeria’s economic outlook with their peers, viz: 

1.       The global environment continues to present twin-gluts: a commodity glut and a liquidity glut. The commodity glut depresses commodity prices, dimming export and growth prospects for commodity exporters, while the liquidity glut makes foreign investment easily available for countries who could attract them, opening opportunities to attract foreign investment to make up for lost export incomes and growth.

2.      The steep fall in oil price below US$30 at the beginning of 2016 pushed Nigerian economy into recession, devaluation and inflation. Lower oil revenues precluded a counter-cyclical fiscal response, while the central bank opted for a pro-cyclical stance, but global liquidity glut means there are bright prospects of attracting increased foreign investment into other infrastructure, as is already the case with telecoms.

3.      The conference will dwell on the relative roles of the twin-gluts, domestic cyclical swings, and counter-cyclical polices in shaping Nigeria’s economic outlook in 2017 and beyond. The conference will also assess the implications of diverging sectoral growth responses to macro swings, and their impacts on sub-national prospects, for the national outlook. 

The global environment continues to present twin-gluts: a commodity glut and a liquidity glut. The commodity glut depresses commodity prices, dimming export and growth prospects for commodity exporters, while the liquidity glut makes foreign investment easily available for countries who could attract them, opening opportunities to attract foreign investment to make up for lost export incomes and growth. 

The steep fall in oil price below US$30 at the beginning of 2016 pushed Nigerian economy into recession, devaluation and inflation. Lower oil revenues precluded a counter-cyclical fiscal response, while the central bank opted for a pro-cyclical stance, but global liquidity glut means there are bright prospects of attracting increased foreign investment into other infrastructure, as is already the case with telecoms. 

The conference will dwell on the relative roles of the twin-gluts, domestic cyclical swings, and counter-cyclical polices in shaping Nigeria’s economic outlook in 2017 and beyond. The conference will also assess the implications of diverging sectoral growth responses to macro swings, and their impacts on sub-national prospects, for the national outlook. 

EA will provide up-to-date summaries of the facts on the global, national, sectoral, and sub-national issues that the peer-discussions will dwell on. 

Below is the detailed agenda for the conference.

8.30-9.00      Arrival Tea/Coffee and Registration 

9.00-9.30      Overview 

9.30-10.45     Session 1: Global Outlook

 

Challenges and Opportunities from Twin-Gluts

- Global Commodity Glut

- Global Liquidity Glut

- Impact of the Twin-Gluts: Nigeria vs. Other Markets 

10.45-11.15     Tea/Coffee Break 

11.15-13.00    Session 2: Domestic Outlook

 

Cyclical Outlook

- Growth

- Exchange Rate and Inflation

- Government Revenue

 

Policy Outlook

- Fiscal

- Monetary

- Investment and Sectoral 

13.00-14.00   Lunch 

14.00-15.15    Session 3: Sectoral Outlook

 

Diverging paths of agriculture, industry, and services growth

- Changing sectoral shares of GDP

- Divergent growth Outlook

- Investment and Employment Outlook 

15.15-15.45     Break 

15.45-17.00    Session 4: States and Regional Outlook

Implications of Macro and Sectoral Developments for the States and Regions

- Fiscal outlook

- Employment Outlook

- IGR and VAT Outlook 

Please note that this event is by prior reservation only; and all reservations are subject to confirmation by EA.  

Kindly visit www.econassociates.com to fill the online reservation form. For more information, please call Omotola on 0703 344 2370, 0809 071 3133, or e-mail info@econassociates.com  

 

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