Financial experts optimistic about Nigeria’s economic growth potential

Grant Thornton Nigeria, a financial advisory firm, has expressed optimism about the prospects for economic growth, entrepreneurial development, and innovation in the country.

Its Managing Partner, Dr Ngozi Ogwo, made this known via a report on Thursday in Lagos.

Ogwo noted that the implementation of new economic policies came with significant responsibility of attracting and retaining both domestic and foreign investments; crucial for enhancing the country’s economic stability and reputation.

She said the company in readiness for the projected economic growth and preparedness to provide high-quality transactional advisory services had added Mr Tayo Adedokun as a new partner in the advisory service line.

This move, she said, highlights the firm’s commitment to providing transactional advisory services essential for nurturing a resilient business environment in Nigeria and the African continent.

“Transactional Advisory Services (TAS) play key roles in maintaining the integrity of business transactions in the country through comprehensive financial evaluations, risk assessments, and compliance reviews, leading to increased trust and confidence in the market.

“Adedokun joined the firm in 2009 as a chartered accountant and developed expertise in audit and advisory services and his over 14 years in the firm, he has demonstrated outstanding leadership, expertise, and commitment.

“He has also delivered exceptional value to our clients in various sectors such as oil and gas, manufacturing, broadcasting, telecommunications, and pharmaceuticals and continues to propel the firm’s success by further bolstering its transactional advisory services,” she said.

Also, Mr Orji Okpechi, Head, Advisory Services, Grant Thornton Nigeria, reiterated the significance of the TAS to the economy, nothing that it cannot be overstated.

Okpechi noted that regional activities such as the Africa Continental Free Trade Area, along with global and indigenous economic policies, created important platforms for mid-market players to reach their full potential.

“One significant impact of transactional advisory services in the trajectory is the ability to stimulate investment and entrepreneurial initiatives by providing expert guidance and support throughout the business transaction process.

“These actions instill confidence in investors and businesses, leading to an increase in investment inflow and business expansion. This, in turn, stimulates economic growth, creates employment opportunities, and fosters overall prosperity,” he said.