How Nigeria Can Witness New Economic Dawn

The Managing Director/Chief Executive Officer (CEO) of Fidelity Bank Plc, Mr Reginald Ihejiahi, has identified the key drivers of change for Nigeria to witness a new economic dawn.

The drivers according to him, include increasing number of educated illiterates, incidence of population growth from declining mortality rate, improved access to quality health and high population growth of 2.83 per cent, increased access to capital and finance resulting from increased banks outlets. ATMs, Capital and Sales Force and rising profile of the country for foreign direct investment and Diaspora remittances.

Other ingredients of a new future include the GSM and cyber revolution and the breakdown of geographical boundaries by communication, decrease in business and empowerment of the private sector as well as rise in domestic corporations and entrepreneurship.

Ihejiahi, while reviewing the imperative of preparing for the future, said it is only through well-laid out plans coupled with discipline in execution that a better future can be guaranteed for the   country.

Ihejiahi who spoke at the 25th annual Omolayole Management Lecture organised in honour of Michael Omolayole by the AIE SEC Alumni Nigeria, in Lagos last week, while delivering his speech on the theme: “The New Future” said it is important to examine the developments that have shaped the “New Future” in the last few years with regard to the ingredients for generating wealth.