Moody’s: Nigeria’s credit challenges remainGoddy Egene, James Emejo and Nume Ekeghe
However, the negative trend continued Wednesday as the NSE ASI declined further with 30 stocks depreciating, compared with only 10 stocks that appreciated. Speaking with THISDAY Wednesday, a professor of finance and capital market at the Nasarawa State University, Prof. Uche Uwaleke, said the president’s agenda should revolve around the three pillars on which his administration’s transformation agenda was anchored.
“The president should look beyond his party in assembling a strong cabinet and economic team to drive the next level agenda with a focus on job creation.” “Hence, we do not anticipate a significant growth in job opportunities. In addition, we expect the government to continue borrowing aggressively to finance its infrastructure development plans in the wake of constrained revenues,” the firm stated.
The Group Managing Director, VFD Group Plc, Mr. Nonso Okpala, said most players in the business community would want to see good governance, conducive business environment, increased security and the rule of law.
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