Oxford group, NESG strategise on Nigeria’s diversification

A renewed drive to diversify the Nigeria’s economy away from dependence on hydrocarbons, is the major focus of a report currently being compiled and produced by the global publishing firm, Oxford Business Group (OBG).

Already, OBG has signed a Memorandum of Understanding (MOU) with the Nigerian Economic Summit Group (NESG) for the publication, titled ‘The Report: Nigeria 2016.’

The report will look at strategic option for Africa’s biggest economy, as the country draws a line under a year marked by elections, foreign exchange pressures and low oil prices.

OBG’s publication will also put a spotlight on Nigeria’s efforts to retain its position as a preferred regional destination for Foreign Direct Investments (FDIs), in an increasingly competitive environment.

NESG’s Chief Executive Officer, Laoye Jaiyeola, noted that the report is expected to be a resource for anyone who wants to do business in Nigeria, as it aims to showcase ongoing efforts by the nation to harness its vast potential.
He further stressed that the NESG looks forward to teaming up with OBG to develop the
report.

OBG’s Country Director, Izabela Kruk, said she was delighted to have the NESG’s input for its forthcoming publication, especially given the level of change underway in Nigeria.

According to her, “while 2015 has been a year marked by challenges, Nigeria remains a crucial regional player with strong fundamentals that sit well with investors.”

She further highlighted the fact that “The Nigerian Economic Summit Group is a key player in the national drive to boost FDIs and increase the role played by the private sector here” and therefore looks forward to working with NESG to explore how Nigeria can use its strengths to its advantage in next year.

The publication is expected to present a factual overview of the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. It will also contain contributions from leading stakeholders and will be available in print or online.

NESG is an independent, non-partisan think tank that helps provide a forum for private and public sector leaders, fostering open and continuous dialogue on Nigeria’s economic development. It strives to forge a mutual understanding between leaders of thought, to explore, discover and support initiatives directed at improving Nigeria’s economic policies, institutions and management, through research and advocacy.

OBG is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America and the Caribbean. Through its range of print and online products, it offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecommunications.