L
LequteMan
Guest
The Chief Executive Officer of Stabinc IBTC Holdings Plc, Sola David-Borha, has provided solutions of how to stimulate growth in Nigeria during recession in an interview published by Premium Times.
According to her, a number of other things can be done to support the overall objective of stimulating growth in the economy.
"Four drivers impact our economy – the global trends, international trade and commodity prices, which we don’t control, and our own policies that we implement," she said. "The expectation in the short to medium term is that oil price is not going to rise significantly."
"Of the four things, we can only control our policies. Therefore, it is very important we put in place the right policies and remain consistent in implementing them. This is what investors look for. Investors are very nervous when policies change. They can manage the risk of a drop in oil price, but not policy change. So, the priority of our policy response must be what we do essentially to regain the confidence of investors in the market.
According to her, a number of other things can be done to support the overall objective of stimulating growth in the economy.
"Four drivers impact our economy – the global trends, international trade and commodity prices, which we don’t control, and our own policies that we implement," she said. "The expectation in the short to medium term is that oil price is not going to rise significantly."
"Of the four things, we can only control our policies. Therefore, it is very important we put in place the right policies and remain consistent in implementing them. This is what investors look for. Investors are very nervous when policies change. They can manage the risk of a drop in oil price, but not policy change. So, the priority of our policy response must be what we do essentially to regain the confidence of investors in the market.
