FITC, CFA Africa Seek Ways To Grow Nigeria’s Economy At NEDS

Economists as well as stakeholders in the Nigerian financial indsutry gathered at the 2023 National Economic Development Outlook Series (NEDS) to rub minds and proffer ideas that would stir the growth of the Nigerian economy.

The second edition of NEDS 2023 which was organised by FITC in collaboration with CFA Society Nigeria, is aimed at equipping individuals and organizations with a firm understanding of the macro-economic environment in Nigeria and how to win under the circumstances.

The virtual event held, with a cross section of speakers, panellists, local and international economists, and participants across the financial services industry, including banking, insurance, securities markets, and industry regulators, who came together to share and learn contemporary insights on the programme theme; What Next for Nigeria’s Economic Growth? “Overcoming Inflation, Rising Interest Rates, Debt and Uncertainty”.

The 2023 edition featured notable local and international experts in the financial services sector. They included Dr. Ayo Teriba, chief executive officer, Economic Associates; Ken Erikume, Partner Tax, PwC; Tilewa Adebajo, CEO, The CFG Advisory; Kike Mesubi, MD, RMB Nigeria Asset Management; Tosin Ojo, Principal, Sahel Capital, and Chizor Malize, MD/CEO FITC.

In her welcome address, the host, and managing director/CEO FITC, Chizor Malize, stated that the NED series is one of the Institute’s visionary programmes, that brings together significant personalities to deliberate on the issues that are critical to the nation and its economy and to provide business insights for organisations to steer and navigate the unique and precarious economy.

According to her, the National Economic Development Outlook Series signifies a persistent poise to contribute meaningfully in terms of building requisite knowledge and capacity, and proffering economically viable solutions to a range of macroeconomic problems that are threatening the sustainability and prosperity of Nigeria.”

President of the CFA Society, Nigeria, Ibukun Oyedeji, reiterated the focus of the event, which deliberated on economic issues, overcoming inflation, Nigeria’s rising debt profile, the outlook on fixed income, equities, Monetary Policy Rate, the Finance Act 2023, its implementation and the comparison of it to the prior Finance Acts in Nigeria.

Dr. Ayo Teriba, chief executive officer, Economic Associates delivered the keynote address, which he anchored on the federal government 2023 Budget. He stated that the current reality is that the world is in the eye of the storm, the ripples of the geopolitical tensions have presented the global landscape with the perfect storm in which both the income statement and the balance sheet are in turmoil.