'New growth opportunities coming'

• Published date: 02 February 2023
• Publication title: Nigeria - The Nation

Nigeria's economic outlook remains tough but there would be new opportunities to unlock growth this year.

Managing Director, Coronation Merchant Bank, Banjo Adegbohungbe, said the impact of recent global economic shocks on the economy were prevalent in 2022 and are expected to persist in 2023.

He, however, noted that there would be opportunities to unlock new growth, particularly in the second half of the year.

Adegbohungbe spoke against the background of the release of Coronation Merchant Bank's economic review and 2023 outlook report.

He said the report was a potent tool for decision makers which would assist clients, investors and stakeholders to better navigate the current economic environment and achieve their respective strategic goals.

The report focuses on trends for core macroeconomic indicators and relevant emerging policy themes that will shape 2023.

Themed 'Baton Hand-Off: Economic Headwinds and Expected Resilience', the report covers global economic headwinds and growth trends, inflationary pressures and expectations, dynamics in the domestic oil market, exchange-rate expectations, thoughts around monetary and fiscal policies and sectorial trends, among others.

The report also takes a deep dive into potential implications of the imminent change in administration.

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