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Biz managers foresee economic boom

Business managers have foreseen positive outlook for the economy this year, months after it crept out of a recession.

The business operators, including the CEO of RTC Advisory Services, Opeyemi Agbaje; Group Executive Director of Rainoil Limited, Mrs Godrey Ogbechie, and MD/CEO of Fastizers Food and Confectioners Limited, Akingbola Lawson, spoke at the Double Impact Platform, a business training and relationship development programme, put together for business owners and entrepreneurs, known as Coprenuers.

Agbaje, a facilitator of the programme, said the economy will grow by, at least, 2.5 percent, projecting that surges in oil prices to $70bpd will offer Nigeria some respite.

According to him, this suggests a better economic outlook in 2018 and the attendant resumption of economic growth and other macro-economics fundamentals suggest better prospects for businesses.

In her remarks, Mrs Ogbechie pointed out that the growth in the oil sector will create opportunities for in various sectors.

She emphasised the importance of the Economic Recovery Growth Plan, ERGP, including tackling constraints to growth, leveraging the power of the private sector, promoting national cohesion and social inclusion, allowing markets to function and uphold core values.

Evaluating the programme and the insight drawn from the forecasts, Lawson said SMEs will have access to affordable loans.

In her paper on Relationship Building in Business, Ezigbo charged participants to self-audit truthfully and objectively, and enjoined couples to be deliberate and intentional about building strong and positive family relationship to foster growth and stability in business.



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