The growing contribution that services are making to Nigeria’s economy against a backdrop of falling oil prices will be given wide-ranging analysis in a report by the global publishing firm Oxford Business Group (OBG).
The Report: Nigeria 2016 will shine a spotlight on the country’s efforts to boost growth across the non-oil sector, as part of its broader bid to reduce reliance on hydrocarbons. There will be detailed coverage of the key role that the country’s strong fundamentals continue to play in garnering investor interest. OBG’s report will also look at what Nigeria is doing to address the challenges it faced in 2015, which included lower revenue from oil, uncertainty around presidential elections and currency depreciation.
The law firm Ajumogobia and Okeke has signed a memorandum of understanding (MOU) with OBG for the publishing firm’s 2016 report on the country. Under the MOU, the company will team up once again with OBG to compile and produce the Law Chapter of The Report: Nigeria 2016.
Ovie E. Ukiri, managing partner at Ajumogobia and Okeke, said that “as a result of the declining oil earnings for the Country (due to a slump in global oil sales) and a shift in focus to other areas long overlooked as a potential replacement, the firm’s contribution to The Report: Nigeria 2016 will illustrate and highlight salient legal and regulatory issues affecting some of the key sectors that may likely replace oil in the local landscape. A potential foreign investor will therefore have a more balanced view of the latest developments in the areas of investment in Nigeria”.
Izabela Kruk, OBG’s country director in Nigeria, said she was delighted to have Ajumogobia and Okeke on board for the Group’s 2016 report on Africa’s biggest market.
“Our coverage of Nigeria’s legal and regulatory changes has long been given an edge by Ajumogobia and Okeke’s local expertise and strong regional network,” She said. “I’m thrilled that our readers will once again benefit from the firm’s input, at a time when key developments in the economy, such as expected higher spending on infrastructure and a sharper focus on manufacturing, are taking shape.”
The Report: Nigeria 2016 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain interviews with leading representatives. It will be published also in partnership with the Nigerian Economic Summit Group, the Nigerian Investment Promotion Commission and FBNQuest and it will be available in print and online.