The 2nd edition of the NSE Bloomberg CEO Roundtable held today, Wednesday, August 31, 2016 at the Stock Exchange House, Marina. The event themed “Navigating the Changing Business Landscape in Nigeria” brought together capital market participants, business leaders and Chief Executives of major companies across the key sectors of the economy to discuss and proffer solutions to the current economic challenges in Nigeria.


To stimulate an upward trend, Mr. Ogunsanya said the Government needs to have a visionary approach to the development of the economy. “Government should digitize the economy, as this would enhance the diversification programme and have rippling positive effects on other sectors of the economy”.
According to Mr. Gordhon, the middle class is disappearing. He urged the Government to tackle the foreign exchange crisis and improve infrastructure. He noted that the problem of inadequate power supply had worsened due to unavailability of gas and this has forced companies to resort to more expensive alternatives.
In his opinion, Mr. Fashina, said Government should sell some its assets to raise money to finance the budget deficit rather than embarking on external borrowing. “Considering the devalued naira, borrowing $1billion from the international capital market would come with many challenges that would continue to affect the economy”.

Senior Economist, Africa and Middle East, Bloomberg Intelligence, Mark Bohlund, noted that Nigeria will be left behind if it fails to fix the power problem. He also highlighted the importance of strict adherence to the rule of law as this will drive investment inflow into the country.
The maiden edition of the NSE Bloomberg CEO Roundtable took place in 2015, and it focused on two systemically important sectors –Banking and Oil & Gas. Discussions centered around impact of the fall in oil prices on the Nigerian Banking sector, and implications of OPEC’s crude oil output policy on African member nations.