‘Policies, elections, oil prices to determine 2019 growth outcome’

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Experts in the financial services industry said  that regulatory and policy choices ,  forthcoming general elections , and some global economic developments , particularly crude oil pricing  are important to determining Nigeria ’ s growth expectations in 2019 .

The experts said this during a Breakfastl Session , organised by the Nigeria – British Chamber of Commerce (NBCC ), in Lagos  and discussed  about the situation of  Nigeria ’ s economy.

They emphasized the need for good monetary and fiscal policy regulatory environment  in Nigeria's in order to achieve a favourable growth.

Meanwhile, the Chief Executive Officer , Rand Marchant Bank Nigeria ( RMBN ) Stockbrokers Limited , Abiola Adekoya  also stressed the importance of a successful general election in 2019 adding that this will improve economic growth.

In the same vein, a renowned economist , Doyin Salami,  has expressed optimism  that Nigeria ’ s economy could grow by 2 . 5 per cent  noting that this is dependent on a successful election.

He  also said  that the economic growth  may fall below 1 . 5 per cent if the elections is unsuccessful.

According to him , there might be a 2 . 5 per cent rise on inflation at the end of 2019 if the elections do not go well,, noting that the nation’ s cost recovery on fuel would be a problem  if production numbers remain stagnant.