Afrinvest 2018 Banking Sector report Launch

Afrinvest Banking Sector Report Sets Agenda for New Government

Lagos, Nigeria, 16th October 2018 – Afrinvest (West Africa) Limited is set to present the 2018 edition of its Annual Nigeria Banking Sector Report in Abuja on October 22, 2018. The report, titled “An Economic Agenda for a New Government,” presents a viable economic roadmap for Nigeria in 2019 and will be launched at the Shehu Musa Yar’Adua Centre, Abuja.


Honourable Minister of Finance, Zainab Ahmed, is among key stakeholders in Nigeria’s financial services sector, including prominent bankers, economists and management consultants from within and outside the country, to attend the launch of the report. Also billed to attend are the Executive Governor of Edo State, Godwin Obaseki, Okechukwu Enelamah, Honourable Minister of Industry, Trade and Investment, and other eminent personalities.


Indeed, the 2018 Nigeria Banking Sector Report comes at a critical time in Nigeria’s political calendar, as it is being launched on the eve of an election year. Ike Chioke, Group Managing Director of Afrinvest, noted that there is an opportunity to reset the dynamics of the economy and build new growth levers that will propel Nigeria on the path of progress in 2019.


According to Chioke: “While there are some positive signs of growth in the economy, certain key vulnerabilities have been identified as drawbacks to the nation’s growth potential. It is on this premise that we have articulated a multi-sectoral economic agenda which, we believe, can provide the needed direction for an incoming government post-2019 elections, and ensure inclusive and sustainable development.”


“The report presents an analysis of current economic challenges and proposes structural reforms as the key to building a strong and sustainable foundation. It offers critical insights into how we can attain annual double-digit growth by substantial, sustained efforts across seven (7) critical areas of development including human capital development, power, oil & gas, trade, transport & infrastructure, security and good governance.”


The launch of the 2018 Nigerian Banking Sector Report will also feature a panel discussion with renowned experts and thought leaders across the key development areas, from both the public and private sector.


Among the panellists are Kunle Elebute, National Senior Partner, KPMG Nigeria; Rasheed Sarumi, Managing Director, Saro Africa International Limited; Samaila Zubairu, President/CEO, Africa Finance Corporation; Bismarck Rewane, Managing Director/Chief Executive, Financial Derivatives Company Limited; Doyin Salami, Economist and Former Member, CBN Monetary Policy Committee; and Uche Orji, CEO, Nigerian Sovereign Investment Authority.


Now in its 13th edition, the annual “Nigeria Banking Sector Report” has come to be recognised as the leading and most incisive report on Nigeria’s banking industry, and a valuable reference for local and international investors in the Nigerian economy.


Afrinvest (West Africa) Limited is a leading wealth advisory firm with a focus on West Africa, and active in four principal areas: investment banking, securities trading, asset management, and investment research.

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