First Bank of Nigeria Limited, Nigeria’s premier and leading
financial inclusion services provider has announced its “Nigerian Economic
Outlook Webinar” convened to reflect national and global economic trends that
shaped 2021, whilst forecasting the economic outlook of 2022.
The virtual event themed “A rearview look at 2021, lessons
learnt-Outlook 2022” is scheduled by 1 pm on Thursday, 13th January 2022 via
Zoom meeting. Click on the link https://firstbanknigeria.zoom.us/webinar/register/WN_zrF8VViyTp6wnzED_3IpWw to register
and participate in the event. Registration is Free!!!
The webinar aims to set the tone for the year by providing an
opportunity for participants to learn directly from economic experts to stay
informed and knowledgeably empowered to make the right decisions in their
socio-economic activities in 2022 which will be impacted by the micro and
macro-economic activities of the country.
With Nigeria’s economy projected to grow by 2.7% in 2022 as
predicted by The International Monetary Fund (IMF) based on an expected
recovery in crude oil prices and production, Nigeria will see economic
activities normalizing. Key economic activities to watch out for in 2022
include the Global Market trends, removal of subsidies, and floatation of the
Naira. However, recoveries in the oil sector and maximization of the e-Naira
could help keep the parallel market in check.
Bismarck Rewane, the Managing Director/Chief Executive Officer
of Financial Derivatives Company Limited and the event's keynote speaker will
lead deliberations at the event. Other speakers are Ini Ebong, Executive
Director, First Bank of Nigeria Limited Treasury and International Banking;
Opeyemi Agbaje, Chief Executive Officer (CEO) of RTC Advisory Services Limited,
Olaitan Martins, Group Executive, Transaction Banking and Augustine Uddin, the
Chief Economist, FirstBank.
Since the outbreak of Covid-19 over two years ago, the global
economy has witnessed viral economic shocks that adversely affected
socio-economic activities. These have left many individuals and businesses
struggling to stay afloat amid the economic downturn. As a leading financial
inclusion services provider in the country, FirstBank has remained committed to
providing products, services and initiatives that have been crucial in
mitigating the adverse effects of Covid-19 on individuals and
households.
Speaking on the event, the Group Head, Marketing & Corporate
Communications of FirstBank, Ms. Folake Ani-Mumuney said ‘being woven into
fabric of the society for over 127 years means that we provide value, support
and innovation-driven solutions for our stakeholders regardless of the
challenges of the pandemic. Our commitment to nation-building is anchored
partly on our thought leadership role designed to relentlessly drive growth and
scale for all through engagements that showcase versatile subject matter
experts endowed with expertise, knowledge and valuable insights. The webinar
provides a platform for cross fertilization of ideas and opportunities to learn
and grow. Nigeria is a country rich in
human and natural resources and these have helped in the reforms and resilience
reflected in the economy in 2021’.
The COVID 19 pandemic brought disruption and challenges and
largely Nigeria adopted measures to contain it. The pandemic also provided
opportunities for rebuilding and facilitating economic transformation to close
the gap with the rest of the world. These include innovations in information
technologies (IT) which have been critical to ensuring business continuity and
productivity among firms that have re-designed their work processes as well as
telecommunications and payment systems in the e-commerce sub-sector.
Whilst many of the current government policies are aimed at
absorbing the shocks induced by the pandemic, it is important to note that an
economy that seeks to recover and build resilience should be one that focuses
on innovation and creativity in driving its goal.
The event is for everyone as discussants will have the economic outlook for 2022 dissected so participants are knowledgeably equipped to make the right decisions thereby better planning their business and financial activities.
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