Managing Director, FBN Capital, Mr. Kayode Akinkugbe, has said there is a need to create a conducive environment for key policy makers, foreign and local investors as well as the government, to interact and draw out plans on how to develop and help create sustainable growth for the Nigerian economy
Welcoming participants to the third annual investor conference themed: ‘Tomorrow’s Nigeria through Economic Empowerment,' Akinkugbe said the convention of strategic investor conferences would accelerate ongoing efforts geared towards enhancing national economic growth and development.
According to him, FBN Capital had over the last three years sustained the conversation on how Nigeria could attain its quest to emerge as one of the world’s leading economies through its investor conference initiative. “Last year, the theme of our conference was ‘Catalysts for Growth: A pragmatic Approach.’ The objective was to identify the enabling factors and specific practical actionable initiatives that are necessary in order to boost Nigeria’s growth. It is encouraging to see the signs of progress with some of the initiatives to reforms sectors considered to be key enablers, such as the power sector, ” he added.
Noting that Nigeria was increasingly becoming a much more attractive destination for local and foreign investors, Akinkugbe said there was still need for discussions around what it would take to move the nation from a frontier to a growth market. “It is heartening to see the development in the power sector, because the power sector is the key enabler of the economy,” he said.
Also speaking at the conference, Minister of Industry, Trade and Investment, Olusegun Aganga, said the government had started an extensive reform-oriented transformation process which cuts across the agriculture, power, fiscal, industrial banking, oil and gas sectors, among others.
“We need to focus on areas where we need to be competitive to attract the venture capital private sector players to acquire affordable finance for the economy to grow, "he said.