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In recent years, the Nigerian economy has faced challenges, including fluctuations in the value of the naira. To address this issue, experts have emphasized the need to strengthen the naira and bolster the country’s economy. In line with this, an expert has spoken on steps to strengthen the naira, as well as Odu’a Investment Company Limited’s plans to list on the Nigerian Exchange Group (NGX).
The expert, who is a renowned economist and financial analyst, highlighted several key steps that could be taken to strengthen the naira. These steps include implementing prudent fiscal and monetary policies, improving the country’s trade balance, and attracting foreign direct investment. Additionally, the expert emphasized the importance of diversifying the Nigerian economy and reducing reliance on oil revenue.
Furthermore, the expert emphasized the need for policy consistency and a stable regulatory environment to attract both local and foreign investors. This, he argued, would contribute to the stability and strengthening of the naira, as well as overall economic growth.
In a related development, Odu’a Investment Company Limited, a leading investment company in the southwestern region of Nigeria, has announced its plans to list on the Nigerian Exchange Group (NGX). The company, which has a robust portfolio of assets spanning various sectors, including real estate, hospitality, and agriculture, aims to tap into the capital market to raise additional funds for expansion and growth.
The listing of Odu’a Investment Company Limited on the NGX is expected to provide the company with access to a broader investor base and enhance its visibility and credibility in the capital market. It will also offer investors the opportunity to participate in the growth and success of the company.
Commenting on the listing, the expert stated that it would have positive implications for the capital market and the economy as a whole. He emphasized that the successful listing of Odu’a Investment Company Limited would further boost investor confidence and attract more companies to the NGX, ultimately contributing to the development and deepening of the capital market.
In conclusion, the steps to strengthen the naira and the listing of Odu’a Investment Company Limited on the NGX represent significant developments in the Nigerian economy and capital market. With the right policies, regulations, and investments, the country can work towards achieving a stable and robust economy that benefits both businesses and the general populace. It is imperative for the government and relevant stakeholders to take proactive measures to address economic challenges and create an enabling environment for sustainable growth and development.
Inflation will only take a government who is willing to transform things for good two crop harvest seasons especially serial or grain crops to start with, then follow by cash crops, and for a country like Nigeria, we are currently good in cash crops for the now, then go for grains–rice,beans, wheat, the federal govt should help given as a task to state government providing and preparing land as a form of rent for years say 99yrs for farmers.
Useless liars corruption is the problem
country without electricity going no where.
How many people in Nigeria borrow to start business at 18%……. today 1usd = 1380 naira and falling……the govt is responsible for 80% of the economic problems…,( excessive monetary expansion ,excess debt / GDP ratio , incoherent finicial manoeuvering ). govt should do the appropriate things to reduce inflation and naira depreciation …..and the Nigerians will support them….its difficult but can be achieved….it mayl involve compromises initially..SO FAR ….talks and talks plus NO ACTION
Where were the experts when the naira was depreciating. You better tell the wicked government in power to do what pleases God on the masses
What will make or prompt a young governor who is not up to 50 years old.
Not to move out of his comfort zone move round the cities to capture his own brothers by speaking language to them.
Get them by himself at first hand established them with any amount of money as he can afford.
Rather staying under Aircon giving out millions to some groups of boys.
Who are retired touts agboro in different cities in Nigeria to use drink alcohol.
While the state Ebonyi and her people are languishing in poverty. ?
"When they was making this suggestion earlier, they advised that the governor should create an independent committee made of non politicians
to draw a chart for the empowerment of street hawkers, stowaways and others in like situations after they are done acquiring skills.
They suggested that a taskforce to be assigned to each of the major cities like Lagos, Portharcourt, Onitsha, Aba, Enugu, Asaba, Benin, Owerri, etc to arrest them should be created.
Only by arresting them will they return. They suggested also that there should be a massive skill acquisition centre for each of the three senatorial zones of the state and two of such in Ebonyi North.
They suggested that an agency should be created to cater for it.
The agency should have independence and have it's annual budget draft. In the next four years, it will be difficult to find their people again doing menial jobs in a large quantity outside Ebonyi.
They suggested too, that rural development roads/water/electricity should be keyed to achieve this.
There should also be strong community government structure with a view to regulating as much as they can,
the spate of rural urban drift for menial jobs undertaking. They suggested many things.
Awhile ago, the Governor gave the sum of N100 million to the Izzi Union in Lagos to share among the destitute children of the Izzi clan in Lagos engaged in hawking and suchlike.
The chairman of the union, Chief Obinna Ebili parcelled/stole the money and shared same to other established traders as shown below. Even his Roly highess took part of the money EFCC take note.
The intended beneficiaries never got anything.
That is how N100 million was retired/stolen, money belonging to all of us in Ebonyi.
We heard that the same amount was given to Izzi unions in other cities of Nigeria, and in the same manner they shared it, leaving to fate, the intended beneficiaries.
If the government of Ebonyi state, continues this way and calls it empowerment of the poor, in the coming years,
what they see today will be worse. Nobody is against the governor dolling out such humongous sums to his Izzi people, this is because,
they need the empowerment the most, but my anger is that it is not being targeted at those that need it.
Without creating a responsive agency to cater for this, their money will end in the pockets of the few to the detriment of the many poor.
To accommodate the rich Izzi brothers, give them contracts.
Don't give them cash. Give them contracts. State Government is a very large economy.
It will accommodate everyone. They are in the opposition, yes,
but that doesn't deny some the fact that they sre also Ebonyi citizens.
Once election is over and a government enthroned, leadership, not politics should resume. "
Federal government Mr Bola tinubu take note, the money already shared to alcoholic drunkards in Ebonyi state can construct 4 good factories
Or production companies even many of the roads but those money has enter into drinking foreign higher values of alcoholic drinks in Lagos and other cities
EFCC.