FICAN Organises Economic Review

The Chief Consultant of Biodun Adedipe Associates Limited, a firm of Financial and Management Consultants, Biodun Adedipe will be addressing key issues on the economy at the forthcoming Finance Correspondents Association of Nigeria (FICAN) Half-Year Economic Review.The event, which holds at FICAN Centre, Onipanu Lagos on July 20, will give him opportunity to review developments in the economy in the first half of the year as well as highlight implications of such developments in the second half. Adedipe, who will be the guest speaker at the event, will be speaking against the backdrop of observed improvements in some economic indices, an indication that the on-going economic recession might end in the third quarter as had been predicted by some experts. While the general economic outlook seems cautiously optimistic for the remainder of fiscal 2017, emerging indicators suggest that economic policy must remain cautious. Data from the National Bureau of Statistics (NBS) showed that the economy contracted marginally by 0.52 per cent in the first quarter of this year, a much more positive development since first quarter of last year. The data also shows that about 18 economic activities recorded positive growth in first quarter of this year; indicating that the economy was firmly on the path of recovery.

There have also been positive effects of improved foreign exchange management on the performance of the manufacturing sector