By Theresa Moses
Industry leaders and experts gathered at the Sky Restaurant, Eko Hotel and Suites, Lagos, for the March 2024 Breakfast Networking Forum organized by the Nigeria-South Africa Chamber of Commerce to brainstorm on varying economic challenges.
The breakfast forum sponsored by IFS Group, provided a platform for insightful discussions on the theme: “Taming Inflation and High Interest Rates with the Built Environment.”
The forum commenced with a presentation by Dr. Tunde Ayeye, CEO of IFS Group, who emphasized the urgent need for macroeconomic stability amidst challenging economic conditions.
Drawing from his extensive experience in facilities management and public health, Dr. Ayeye underscored the importance of strategic interventions to address inflation and high interest rates within the built environment.
In his presentation, Dr. Ayeye highlighted key trends from previous years, juxtaposing them with today’s realities to provide a comprehensive understanding of the current economic landscape.
He called for collaborative efforts to recreate the prosperity of past decades, emphasizing the critical role of private enterprise and effective governance in driving sustainable economic growth.
Following Dr. Ayeye’s presentation, a panel of distinguished experts, further explored the challenges and opportunities within the built environment.
Mr. Kola Ayeye, Executive Vice Chairman of GDL Nigeria, shared insights from his extensive experience in finance and banking, emphasizing the importance of ethical standards and best practices in navigating economic complexities.
Mr. Tope Fasua, Special Adviser to the President on Economic Affairs, offered a nuanced perspective on economic policy formulation and implementation. With a wealth of experience in public policy and consulting, he emphasized the importance of evidence-based decision-making and stakeholder engagement in driving economic reforms.
Mr. Temitayo Ogunbanjo, General Manager of Refineries at Aradel Holdings Plc, highlighted the significance of strategic execution and supply chain optimization in addressing economic challenges. His practical expertise in the downstream sector provided valuable insights into enhancing operational efficiency within the built environment.
Mr. Tola Akinhanmi, Executive and Head of Real Estate Finance (West Africa), brought a wealth of experience in investment banking and real estate finance to the discussion. His insights into unlocking constraints and catalyzing growth within the real estate sector resonated with attendees, highlighting the potential for leveraging alternative sources of financing.
Engineer Momoh J. Oyarekhua, Chairman of OPAC Refineries, concluded the panel discussion with a focus on local capacity development and sustainable investment in Nigeria’s energy sector. His entrepreneurial journey and commitment to driving innovation underscored the importance of private sector engagement in fostering economic resilience.
The forum concluded with a call to action for collaborative efforts between government, industry stakeholders, and the private sector to address systemic challenges and unlock opportunities for growth within the built environment.
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