“FICAN’s Bi-Monthly Forum 2025: Shaping Nigeria’s Economic Future Through Informed Discourse”

Held at the FICAN Secretariat in Lagos, the event brought together an assembly of financial analysts, media professionals, and industry stakeholders. The vice chairman of FICAN, Mrs. Bukola Aro-Lambo, opened the forum with a warm welcome and underscored the importance of such gatherings in shaping journalistic narratives and fostering economic growth.

The highlight of the event was a keynote address by Mr. Ugodre Obi-Chukwu, Founder and CEO of Nairametrics, who provided an incisive analysis of Nigeria’s economic trajectory for 2025. His insights were not only illuminating but also pivotal in charting actionable pathways for economic stakeholders.

Key Highlights from the Forum

1. Infrastructure Development and Urban Expansion
   Mr. Obi-Chukwu emphasized the transformative power of infrastructure investments, particularly in transportation. He pointed out that ongoing and upcoming projects are creating opportunities for new living areas, boosting regional connectivity, and spurring urban development.
2. Tax Reforms and Governance
   The recently proposed Tax Bill was identified as a game-changer. By incentivizing states to attract businesses, the reforms are set to enhance competition and governance. This approach aligns with global best practices, fostering a more business-friendly environment.
3. Consumer-Driven Economic Growth
   The speaker stressed the importance of accelerating consumer credit to drive GDP growth. Increased domestic spending, fueled by greater financial inclusion and fintech innovations, was highlighted as a key lever for sustainable economic expansion.
4. Trade and External Influences
   With global economic dynamics shifting, Nigeria’s pivot toward Eastern markets was a focal point. Obi-Chukwu underscored the need for strategic currency swap agreements and enhanced trade relationships, particularly within the African Continental Free Trade Area (AFCFTA).
5. Cross-Border Payment Systems
   As African fintech and banking systems evolve, the centrality of cross-border payments to Nigeria’s economic growth was highlighted. Streamlined payment systems will boost intra-African trade and position Nigeria as a leader in regional financial integration.
6. Workforce Development Amid Migration Trends
   The forum also touched on workforce challenges, including the “Japa” migration trend. Investments in domestic education, vocational training, and innovative technologies like robotics and off-grid computing were presented as solutions to mitigate labor shortages.
7. GDP Rebasing and Economic Shifts
   The potential rebasing of Nigeria’s GDP, which could result in a 50% uplift, was discussed. Such a shift would have far-reaching implications, including changes in sectoral contributions, lower inflation rates, and increased borrowing capacity. However, participants emphasized the importance of balancing these opportunities with fiscal discipline.

Reflection on the Forum’s Impact

The 2025 outlook shared by Obi-Chukwu was more than just a forecast; it was a call to action for stakeholders across sectors. From policy adjustments to infrastructure investments and workforce development, the discussions underscored the interconnectedness of various economic levers.

FICAN’s Bi-Monthly Forum once again proved to be a vital platform for fostering informed discourse, equipping participants with the tools and knowledge to navigate Nigeria’s evolving economic landscape. As 2025 approaches, the insights and strategies shared at this event will undoubtedly play a pivotal role in shaping the nation’s future.