By Kenneth Afor
The Oxford Business Group has partnered with the Lagos Chamber of Commerce and Industry (LCCI) on the preparation of an economic report across sectors of the Nigerian economy for investment opportunities.
The partnership is to beam a search light on major sectors in the country’s economic climate as Nigeria is gradually shifting its attention from oil.
The report tagged ‘Nigeria 2020’ will contain information needed for an infrastructural drive in agriculture, manufacturing and the service industries in the country.
Also, the report would contain vital information gotten from 10 months research work on the Nigerian economy in chosen sectors of the economy that investors are willing to invest in.
Similarly, Nigeria 2020 would also contain efforts the federal government has put in place in ensuring that there will be no hitches encountered by investors both local and international to kick start their businesses.
According to Muda Yusuf, director general LCCI, he said there is need for investors to be provided with real time information about the economic climate in the country so as to guide them in making decisions.
He said, “Despite being a key regional player and the largest economy in Africa, Nigeria has historically struggled to provide investors with the up-to-date, reliable business intelligence they need to make informed decisions.”
He added that OBG has helped in providing qualitative economic data analysis for both local and foreign investors which has helped to change the economic climate in previous publications.
“As market leader, Oxford Business Group has played a key role in filling this void since launching its operations here, furnishing representatives from both the private and public sectors with extensive, accurate data and analysis on the rapidly changing domestic landscape. I look forward to working with its team on their exciting new project and sharing the results with the global investment community.”
Christophe Bonami, country director, OBG attests that the time has come for the country’s business to be opened to the world which would aid to galvanize growth outside the oil sector.
He said, “The Lagos Chamber of Commerce and Industry has long been a driving force on the city’s business scene, with its efforts to promote trade and commerce, encourage investment and support entrepreneurial activity delivering positive results both locally and internationally.
“I am thrilled that our team will benefit from the expertise and experience that its members will bring to our research as we prepare to chart the next chapter of Nigeria’s fascinating growth story.”
According to Bonami, the report would include current status, challenges, opportunities and plans governments at has put in place in sectors such as the banking industry, agriculture, transport, information technology, FinTech as well as others for investors to be acquainted with.
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Frontpage September 12, 2019