Wednesday, January 04, 2017 8:55 AM / FDC
2016 was a year like no other. Five most unlikely events occurred including the coincidental death of George Michael on Christmas day and the naira testing N500 in the parallel market.
The average Nigerian had nothing to cheer and felt it was a year in which he was economically raped. Thanks to a recession and a flawed forex market.
2017 is looking slightly better with projections of positive growth of 1.2%. This will happen only upon three conditions:
a) Engagement in the Niger Delta to bring production back up to 2mbpd
b) Reduction in interest rates and an increased supplementary budget
c) An overhaul of the forex market to ensure transparency, liquidity and price efficiency.
Below are a few slides on the beginning of an eventful 2017.