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The main conclusions of the roundtable included an urgent need to improve the way education is managed, ensure greater investment in rural electrification, apply good governance in the productive sectors and implement measures against climate change.
Although the local economy has continued to recover from the negative impacts of the oil price shock of 2014 and the 2016 recession, more remains to be done to achieve economic diversification. The results of our second Business Barometer: Nigeria CEO Survey show increased confidence among C-suite executives, with 85% expressing positive or very positive expectations of local business conditions in 2018. Nevertheless, the economy remains over-reliant on the export of hydrocarbons, with 82% of interviewees citing a rise in oil prices as the top external event that could impact the Nigerian economy in the short to medium term.
Although the Nigerian economy has continued to achieve positive growth as it recovers from the negative impacts of the oil price shock and the 2016 recession, more remains to be done to achieve economic diversification.