Chief Executive Officer of Financial Derivatives Limited, Bismarck Rewane, while addressing participants at the Vetiva virtual 2022 Africa Macroeconomic Conference held at the weekend, stated categorically that the nation is currently beset by numerous structural issues, ranging from monetary policy framework, exchange rate processes, investment uncertainties and other impediments to growth.
He said Nigeria has the potential to consistently grow its GDP by eight to nine per cent from the current three to four per cent. “I am optimistic that the right step will be taken and the work is cut out for them, no room for half measures. They should confront the problems, which have existed over the years and achieve and achieve an immediate take off, ” he said.
He listed weak institutional capacity, low vaccination rates and limited fiscal space as constraints to the region’s rebound from Covid-19 pandemic.
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