Managing Director/Chief Executive, Fidelity Bank PLC, Mr. Nnamdi Okonkwo has identified the recent foreign exchange restrictions placed on importation of 41 items as one of the many non-oil investment opportunities in the economy.
He stated this during a presentation titled, “Beyond Oil & Gas: Emerging Business Opportunities in Nigeria”, at the Nigeria-British Chamber of Commerce Breakfast Meeting held in Lagos.
Okonkwo noted that despite pressure points in the economy, Nigeria’s economic fundamental remains strong, adding that, “, The convergence of social, political and economic factors are generating great expectations, opportunities and uncertainty in the Nigerian macroeconomic environment”. He said the decline in crude oil prices, resulting to fallen revenue, as well as, the other problems in the oil and gas sector, has prompted a quest for alternative investment opportunities beyond the oil and gas sector. Read more