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FirstBank, NSE host CEO forum on agenda for Africa

By Peter Egwuatu

In line with its thought leadership role and commitment to economic development in Nigeria and Africa, First Bank of Nigeria Plc is sponsoring the CEO Brainstorming Dinner designed to articulate Nigeria’s position ahead of the 2012 World Economic Forum on Africa.

The Bank is co-hosting the CEO Brainstorming Dinner with the Nigerian Stock Exchange (NSE) on Tuesday, March 6, 2012 at The WheatBaker, Ikoyi, Lagos.

The event will provide a platform for leading Nigerian Chief Executives from various sectors of the economy to meet with global business leaders to adopt strategic expectations for Nigeria and the entire continent from the 2012 World Economic Forum on Africa which holds from 9-11 May 2012 in Addis-Ababa, Ethiopia.

FirstBank’s Group Managing Director and Chief Executive, Mr. Bisi Onasanya said the event would enable business leaders in the nation align their views with those of their global counterparts on how best to consolidate the economic gains and socio-political changes being recorded on the continent.

“FirstBank is proud to be co-hosting this event with the NSE and we are confident that the meeting would help the nation come up with the Nigerian perspective on the roadmap for a prosperous future for Africa,” he said.

According to Onasanya, the meeting will address several focal points of the forthcoming World Economic Forum including how to seek new investment frontiers, reduce the continent’s vulnerability to resource price volatility and turbulent global financial systems and transform Africa’s natural resource wealth into long-term investments for quality growth, among others.

Noting that the continent had in the last 10 years witnessed structural changes that have boosted economic development, he, however, said there was need to sustain the momentum in order to achieve more lasting successes.

The FirstBank boss added: “Africa still has to witness more reforms that would drive transparency/good governance in business, infrastructure growth, and attraction of foreign investments.

The great news is that there are signs of these reforms across the continent and the whole world is witnessing the emergence of a new Africa with strong socio-economic fundamentals. The future of Africa is indeed, very bright.”

The World Economic Forum is an independent international organization committed to the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agenda.


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