The Retail Roundtable presents The Nigeria Retail Business Outlook 2019 with the theme “Building the Appetite for Sustainable Growth” to discuss key issues that will shape the growth and development of your retail business in 2019 and beyond. The Event will hold on January 17, 2019 at the Lagos Continental Hotel, Victoria Island, Lagos, Nigeria
The Retail Roundtable events are invitation-only breakfast or dinner and networking events designed for enterprise level leaders – owners, c-level executives and senior managers in retail and retail supporting organisations to address pertinent issues about current and future retail business outlook and best practices within the organisations for sustainable growth and development. It is a quarterly event and a Bervidson Group program.
Amidst a global retail industry going through a challenging phase that has seen many store closures, the Nigeria retail industry is experiencing a transformation that is shaped and driven by changing consumer preferences, heightened competition from nimble new entrants, a rising ecommerce trends, and dynamic socio-political environment. In particular, as the country heads for a general election in 2019 and with political calculations daily shaping the issues in the socio-political space, winning and visionary business owners and leaders cannot afford to stay aloof.
The country is projected to grow though sluggishly by 2.3% in 2019, but there are clouds in the horizon that may possibly cause the economy to under-perform, according to International Monetary Fund (IMF). Growth is however expected to gain steam going forward thanks to rising oil production following a significant ramp-up in infrastructure investment in recent years and rising oil price. Moreover, softer inflation and improved exchange rate liquidity should buoy domestic demand dynamics in 2019.
However, political uncertainty and downside risks related to the 2019 elections and politics is high, likely putting economic reforms on the backburner and delay the 2019 budget. Governance may in fact go on recess! Nonetheless, one thing is certain: whatever the outcome of the 2019 elections, Nigeria will not be the same again.
Given the issues above that heavily clouds the retail outlook for 2019, many forward looking retailers are asking questions: How will the Nigeria socio-political and economic environment look like post 2019 elections? How should retail leaders be responding? What growth opportunities and challenges lie ahead in the year 2019? What will the investment climate look like? What policies are likely to shape issues in the ecosystem? How will foreign investors react? What are the implications for retail business development and growth in the country?
It is in this light that The Retail Roundtable has put together The Nigeria Retail Outlook 2019 to provide answers these and many more questions that retail leaders gathered at the event may have. We have invited a seasoned speaker of repute, Dr. Doyin Salami as the Keynote Speaker and to lead the discussions.
Dr. Doyin Salami is an accomplished economist and the CEO of Kainos Edge Consulting Limited. He is an Adjunct Lecturer with Lagos Business School (LBS) He was Principal Consultant in Edward Kingston Associates. His consulting activities have included assignments for the Department for International Development (DFID), World Bank, United Nations Industrial Development Organisation (UNIDO), and United States Agency for International Development (USAID), and past member of the Central Bank of Nigeria (CBN) Member, Monetary Policy Committee, and the Federal Government’s Economic Management Team. He serves as a Member of the Advisory Board of CBO Investment Management.
As an enterprise level leader – owner, c-level executive or senior manager in retail or retail supporting organisations, we invite you to join other retail industry stalwarts at The Retail Roundtable in a serene atmosphere of conversation and breakfast at the Lagos Continental Hotel on January 17, 2019 to discuss key and pertinent issues that will shape the development and growth of the Nigeria retail industry and retail businesses in 2019 and beyond.