Business Outlook

Overview:
The impact of reforming risk management practices and rules in the banking sector on the availability of credit is, for most operators and analysts, the most significant event to affect the economy in Nigeria in year just ended. Despite the slowdown in credit growth, output continued to grow strongly in line with recent performance. Inflationary pressure, which had eased for much of the year, reversed in the final quarter of the year. Significant recovery in global oil prices - partly aided by a weak US dollar - coupled with increased oil production enabled strong external sector performance and the re-establishment of exchange rate convergence in the second half of 2009. 

Some of the policy and non-policy factors which will define 2010 are already known:
-  The Federal Government's budget proposals show its intention to provide fiscal stimulus for economic activity
-  Political activity in the run-up to general elections ushering in a renewal of government in 2011
-  Resolution of the capital and liquidity challenges facing the banking sector
-  Likely (perhaps, possible) deregulation of energy prices

Key questions for company owners and managers this session aims to address include:
(i)    How did output continue to grow in the face of significantly lower availability of credit to the business sector?
(ii)     What will be the likely impact of the continuing reform of the banking sector on credit and liquidity conditions faced by business?
(iii)    What is the outlook for commodity and financial markets (money and equity) move and what opportunities will these present?

Programme
-  Latest facts available on the economy for 2009  
-  Analysis of global and domestic trends
-  Near term outlook of the business environment with emphasis on challenges for policy making in 2010
-  Likely direction of economic indicators such as: liquidity and interest rates; inflation and exchange rates; consumer spending; and output
- Clues for assessing corporate vulnerability, preserving profitable sales growth, preserving real asset values, managing risks and uncertainty

 
For:
Chief Executive Officers, Executive Directors, Senior Company Strategy Officers, Economic/Commercial Counsellors

Date: 20 January 2010

Fee: N85,000


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