The Economist Events’ Nigeria Summit 2017 will be
held in London for the first time in order to highlight Nigeria’s
economic opportunity to an international audience including
policymakers, business leaders, academics and finance professionals for a
vibrant discussion on the way ahead.
The summit will provide an open platform for dialogue on how the
Nigerian economy can turn the new, seemingly less benign environment, to
their advantage.
For the first time in more than two decades, the Nigerian economy has
gone into recession. Moreover it is suffering a crippling shortage of
foreign currency that has left many businesses unable to import items
such as basic consumer goods, raw materials or machine parts. The
adoption of a more market-determined exchange rate by the Central Bank
in June 2016 was welcomed by many investors and analysts, and although
some are still sceptical, there is good reason to believe that this will
bring a surge in investment.
But there is still much to be done. A sustained economic recovery
will also require the right policies to encourage economic
diversification as well as structural reforms to make the economy more competitive.
The key challenge for Nigeria’s government will be turning economic
opportunities into social and political prosperity. This will require
investment, not only of key regional institutions, but also of major
international investors.
Chaired by Jonathan Rosenthal, The Economist’s Africa editor, the
summit will draw on the expertise of a wide range of speakers and
explore issues from economic policy and diversification to digital
disruption, manufacturing, power supply and education.
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