RMB Nigeria hosted an Economic Forum focusing on Nigeria’s reform complexities, covering macroeconomic trends, digital finance, and risk management. Key speakers emphasized the need for businesses to adapt to government reforms for long-term growth, with discussions on strategic positioning and infrastructure challenges. The forum highlighted the importance of innovation and agility in navigating these changes.
Rand Merchant Bank Nigeria (RMB) hosted an Economic Forum, uniting business leaders, policymakers, and financial experts to discuss Nigeria’s reform landscape. The event, titled “Beyond the Change: Steering Through Nigeria’s Reform Complexities,” took place at The Wheatbaker Hotel in Ikoyi, providing a platform to delve into topics such as macroeconomic trends, financial markets, taxation, digital finance, infrastructure, and risk management.
Bayo Ajayi, CEO of RMB Nigeria, underscored the importance of adapting to the government’s economic reforms for business success. He remarked that policies like exchange rate liberalization and tax reductions could act as catalysts for investment and long-term economic stability. Ajayi stated, “The liberalization of the exchange rate has improved access to dollars, reduced interest rates reflecting market prices, and enabled investment opportunities for investors.”
The forum featured a discussion on strategic business positioning moderated by Samantha Singh-Jami, focusing on navigating policy changes for profitability. Panelists, including Dr. Christian Ebeke from the IMF and Mr. Kenneth Erikume from PwC, highlighted methods for businesses to remain competitive amid evolving policies. Dr. Ebeke noted, “The impact of government reforms is very clear… it has resulted in improvements in the current account, a reduction in the debt ratio, increased Foreign Direct Investment, and greater financial stability compared to previous years.”
The event also tackled Nigeria’s digital transformation and risk management. Led by Prof. Olayinka David-West of Lagos Business School, experts discussed the implications of technologies like AI and Blockchain. Mrs. NgoverIhyembe-Nwankwo stressed the cybersecurity risks emerging technologies pose, while Dr. Femi Ogunseinde called attention to the gaps in Nigeria’s digital infrastructure, emphasizing, “Nigeria remains far from its penetration target—currently at 40-45% compared to the 70-80% goal.”
The RMB Nigeria Economic Forum thus served as a critical venue for industry leaders and policymakers to share insights on adapting to Nigeria’s complex reform framework. The discussions reinforced the necessity of agility and innovation to achieve sustainable growth in a changing economic landscape.
The RMB Nigeria Economic Forum facilitated key discussions on navigating Nigeria’s economic reform landscape. Without a doubt, effective adaptation to changing policies and technological advancements, along with strategic positioning, are vital for businesses aiming for sustainable growth in the evolving market dynamics. The conversations addressed the importance of cybersecurity and the need for improved digital infrastructure to support economic development.
Original Source: punchng.com
