Buhari’s economic diplomatic shuttle is drawing mixed reviews. His meetings with investors is seen as broadly positive and the beginning of an era of constructive engagement with stakeholders.
The Federal Government in the meantime is promising to increase the minimum wage in September and spend billions on the 3rd mainland bridge, Lagos-Ibadan expressway and other projects. The new sense of urgency after 3 years in office is fascinating to some and nauseating to others. But we say it is better late than never. The economy, businesses and the people will benefit from this born-again economic reform momentum.
On May 13th and 22nd, the inflation and GDP data will be released. We are of the view that inflation will decline for the 15th consecutive month and that Q1’18 GDP growth will only increase by 1.5%.
In this edition of the LBS Breakfast Club Session, Bismarck Rewane and the FDC Think Tank discuss these developments and the impact of declining interest rates on your businesses, portfolio and income.
Enjoy your read!