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MainOne Discusses Economic Recovery, Growth Plan at 2017 IOD Fellows’ Luncheon

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The prestigious Institute of Directors (IoD) Nigeria recently hosted at its annual Fellows’ Luncheon themed “2017 Budget Implementation and Challenges” with ‎Funke Opeke, CEO MainOne, highlighting the need for ‎ the nation to drive ICT sector development in order to trigger sustainable, economic growth.‎

This year luncheon held ‎at the Civic Center, Victoria Island, Lagos State had in attendance directors and executives from major industries in Nigeria deliberating on the Nigerian economic situation and the effect of government projected policies on businesses.

It also served as a platform to honor two distinguished Nigerians as Fellows of the Institute.

Funke Opeke, CEO MainOne, was one of the guest speakers at the event and presented a paper on the “2017 Economic Recovery and Growth Plan” and its impact on the business, with a particular focus on the ICT Sector.

She highlighted the elements of the plan and emphasized the need for the nation to drive ICT sector development in order to trigger sustainable, economic growth citing examples of developed countries like China who improved their economy using technology.

According to Ms. Opeke, “while the erosion in the economy appears to have slowed, the real transformation or expansion required to diversify the economy from oil or gain access to new enabling infrastructure is still quite nascent”.

She also touched on the challenges that the Nigerian business environment faces which makes business operations costly and inefficient with Nigeria currently occupying the 169th position out of 190 countries in the World Bank’s “2017 Doing Business Index”.

In concluding her presentation, she commended the ERGP as being laudable but stressed that effective implementation will be critical for its success.

Andrew Nevin‎, chief economist of PwC, also made a presentation on the macro-economic situation in Nigeria and highlighted the need for foreign capital to grow the economy.

The major highlight of the event was the conferring of the Honorary Fellowship Award on His Majesty, Nnaemeka Alfred Achebe, the Obi of Onitsha and the Distinguished Fellowship Award on Dr. Michael Olawole Omolayole based on their significant contributions to Corporate Nigeria. 


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Coronation Report Reveals Key Role of Private Sector to Nigeria’s Infrastructure Funding

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The maiden edition of Coronation group infrastructure report has revealed that the private sector has a critical role to play in infrastructure funding in Nigeria.

The report stated that the key to private-sector infrastructure investment is for dealmakers to structure transactions that offer attractive returns combined with an acceptable degree of risk, the risk often being eased by agreements supplied by infrastructure investment vehicles such a Infracorp.

The report said that the investor base can play its part, providing liquidity as part of its own efforts to create long-term returns with low relationship with public markets.

The report noted that Nigeria’s future infrastructure development depends on private capital, including capital allocated to Public Private Partnership (PPP) ventures, given the huge amounts of money required and the inability of government to provide it.

The report explained that the record of the federal government in capital expenditure over several decades highlighted the need for increasing private-sector investment, adding that public expenditure on transportation, education, hospitals, power, housing, and other essential infrastructure has not kept up with the needs of a population growing at a long-term rate.

The report said Public-private partnership differs from government capital expenditure in that it must pay for its capital, noting that it must attract private sector capital and therefore provide better returns than the risk-free returns of government debt.

According to the report, “Inflows of petro-dollars into government coffers did not translate into proportionately more being spent on capital expenditure, surely a missed opportunity. Still worse was to follow in the period 2011-2020 when the average level of public sector capital expenditure fell to 1.1 percent of Gross Domestic Product (GDP).”


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DLM Asset Management Set to Host Webinar to Discuss Financial Stability in Times of Economic Distress

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DLM Asset Management Limited, a subsidiary of DLM Capital Group, is hosting a webinar with the theme, “Maintaining financial stability in times of economic distress.” The much-awaited webinar, slated for Thursday, March 28, 2023, at 11 a.m., is going to cover the essential strategies to navigate through economic challenges and safeguarding one’s financial future.

Hosted by industry experts, the webinar will delve into the following key topics and teach attendees:

  • How to adopt a proactive, knowledgeable, and adaptable approach to risk assessment and mitigation.
  • How to thrive in this present economy and remain financially resilient.
  • Financial planning and discipline

During its interactive Q&A session, attendees will have the opportunity to ask questions and learn more about the subsidiary’s services from the hosts and speakers of the webinar. This includes the DLM fixed income fund, which Nairametrics identified as one of the top-performing Nigerian mutual funds in 2023.

This webinar is designed for investment savvy individuals Income earners, institutional and corporate investors, high net worth individuals, and the mass retail market.

Interested parties can register for the webinar by using this link, which is currently active. Seize the opportunity to gain experience on insightful things and get ready for a rewarding encounter.

 


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Firm Canvasses Affordable Technology to Drive Business Efficiency

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Information Communication Technology (ICT) service provider, Thamani Consulting, has stressed the need to make technology much affordable so as to make businesses seamless and efficient.

Olubunmi Abegunde, Managing Partner of the company, averred that making technology access affordable would enhance its penetration and increase uptake of digital technologies to drive employment growth of more than 22 million Africans joining the workforce each year.

He explained that the organisation remained committed to empowering businesses to thrive in Nigeria’s dynamic environment, hence churns out innovative solutions to address business problems across disciplines.

“Leveraging 20 years of combined market experience executing successful IT Projects with local and multinational organisations, we aim to capitalise on this to improve strategic utilisation of technology in Africa and support capacity building through access to requisite information technology,” he said.

He explained further that the African region more than others need increased usage of digital technologies to level-up globally, noting that polices to drive low-end technology access must be prioritised.

“This is why we do not compromise the balance of quality, standard professionalism and yet affordability in the choice of solutions we offer to clients which include: SAP training and Implementations, Software Asset Management, Plant Maintenance Process Automation and Automation for manufacturing Industries, amongst others.”


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