Set to lead discussions at the upcoming 2024 edition of the Annual Economic Summit is Mr. Yemi Cardoso, Governor of the Central Bank, CBN.
This comes against the backdrop of a significant recovery recorded in the foreign exchange market, following his landmark monetary policy and foreign exchange measures in the past seven months.
In the parallel market yesterday, the Naira appreciated for the fourth consecutive week, closing at N1,260 per dollar compared to N1,890 at the end of February 2024.
Similarly, the Naira appreciated in the official market, closing at N1,255.07 per dollar compared to N1,760 in February.
A series of reforms have been implemented by Cardoso in the monetary space since July last year. He will be speaking on the theme of this year’s event, “Reforms In The Era of Global Economic Uncertainties: Whither Nigeria?”
The Vice President of the Federal Republic of Nigeria, Kashim Shettima, had earlier accepted to be the Special Guest of Honour at the event scheduled for May 23, 2024, at the Civic Center, Victoria Island, Lagos.
The Summit is an annual economic development forum for reviews and cross-fertilization of economic development ideas by Nigeria’s public and private sector leaders.
Meanwhile, the quality of discussions at the panel session would be reinforced by seasoned public and private sector executives.
With VP Shettima as Special Guest of Honour, including the Governor of Niger State, His Excellency Mohammed Bago, Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Mrs Chinyere Almona, Director-General of the Budget Office of the Federation, Mr Ben Akabueze, President of the Nigeria Labour Congress, Comrade Joe Ajaero, and the Managing Director of Financial Derivatives Co. Limited, Mr Bismarck Rewane.
The objective is to inform and educate the stakeholder in the Nigeria economy, including foreign investors, on the fundamental issues, the policy options, and current measures to address the economic challenges.
The appreciation of the Naira in both the parallel and official markets directly affects individuals and businesses, potentially easing financial burdens and increasing purchasing power.
Additionally, the participation of public and private sector leaders, including Vice President Kashim Shettima, reflects a collective effort to address economic uncertainties and improve the lives of citizens through informed discussions and policy measures.
