Afrinvest has stressed that Nigeria’s economic future depends on reforms guided by research and reliable data.
At its 30th anniversary celebration, which also marked the launch of the 20th edition of its Banking Sector Report, Managing Director Ike Chioke said the country’s progress has always been shaped by both local and global challenges.
“Our research has consistently shown that Nigeria’s fortunes are inseparable from global tides. From the banking reforms of the early 2000s to the 2008 financial crisis, the 2016 recession, and the COVID-19 pandemic, we have seen that clarity, innovation, and bold action remain the most reliable drivers of recovery and growth,” Chioke said.
The report highlights seven key sectors that could accelerate growth if properly managed: agriculture, the creative industry (including tourism and hospitality), technology, banking and finance, oil and gas, logistics, and domestic manufacturing.
“These industries, if strategically harnessed, can reposition Nigeria as a globally competitive economy,” Chioke added, describing the report as “both a call to action and a framework for Nigeria’s future.”
Afrinvest Chairman Godwin Obaseki also praised the firm’s role in Nigeria’s financial markets over the past three decades, pointing to major transactions it facilitated, such as the UBA–Standard Trust Bank merger in 2004, GTBank’s €350 million Eurobond in 2007, and Dangote Cement’s N2.1 trillion listing in 2010.
