Eurocham Nigeria hosted its annual stakeholder conference in Lagos, bringing together European businesses, diplomatic community members, private sector leaders, and policymakers. The conference focused on Nigeria’s economic reforms and their impact on business and investment.
Key Takeaways:
- EU Commitment to Nigeria’s Economic Transformation: The European Union Ambassador to Nigeria and ECOWAS, Mr. Gautier Mignot, reiterated the EU’s commitment to Nigeria’s economic transformation, outlining efforts to bolster trade relations and unlock investment potential.
- Aviation Sector’s Role in Economic Expansion: The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo (SAN), highlighted the aviation sector’s role in driving economic expansion, discussing ongoing infrastructure developments and investment opportunities in Nigeria’s air transport industry.
- Macroeconomic Overview and Investment Trends: Ms. Danelee Masia, Director Economist for South Africa and Sub-Saharan Africa at Deutsche Bank, provided a macroeconomic overview of Nigeria’s recovery, touching on key fiscal reforms, foreign exchange policy adjustments, and investment trends shaping the country’s future.
Conference Highlights:
- EU-Eurocham Support Grant: The EU-Eurocham Support Grant was introduced to strengthen private-sector growth in Nigeria.
- Ease of Doing Business Reforms: Princess Zahrah Mustapha Audu, Director General of PEBEC, shed light on the government’s ongoing ease of doing business reforms.
- Financial Sector Developments: Mr. Olufemi Modupe Awoyemi, Founder of Proshare Limited, discussed financial sector developments and emerging investment opportunities.
The conference, themed “Achieving Growth Post-Reforms,” focused on critical areas such as:
- Trade: Exploring opportunities for collaboration between the public and private sectors
- Aviation and Tourism: Discussing the aviation sector’s role in driving economic expansion
- Energy: Examining energy sector reforms and investment prospects
- Finance: Analyzing financial sector developments and emerging investment opportunities
- Workforce Transformation: Discussing the future of talent development and workforce transformation
Eurocham Nigeria’s commitment:
Eurocham Nigeria remains focused on fostering stronger partnerships between Nigeria and the European business community, supporting pro-business policies, advocating for regulatory improvements, and driving initiatives that enhance economic cooperation between Nigeria and the EU.
