FSDH Merchant Bank Plc has predicted that about N2.82 trillion coming from matured government securities and Federal Account Allocation Committee (FAAC) are expected to hit the Nigerian money market this month.

The bank also projected a total outflow of approximately N1.03 trillion from various sources, including government securities and statutory withdrawals, leading to a net inflow of about N1.79trn.


The Head of Research and Strategy at FSDH Merchant Bank Limited, Mr. Ayodele Akinwunmi, while speaking on the firm’s latest monthly economic and financial market outlook report released recently.

The report was titled: “Local Competitiveness: A Prerequisite for Inclusive Growth.”

Presenting the highlight of the report, the Akinwunmi, reiterated the need for the diversification of the economy in order to drive inclusive growth and competitiveness.

According to him, the Nigerian economy has the potential to grow faster than the projection by the International Monetary Fund (IMF) and other organisation.

He added: “Even though FSDH is of the opinion that the Nigerian economy has the potential to grow faster that the projection of the IMF, this can only happen where we have coordinated set of policies that will unleash the economy: paying attention to power, paying attention to our infrastructure, involving the private sector, paying attention to our education system, paying attention to adoption of information and communication technology (ICT), to ensure that we are not lagging behind in the fourth industrial revolution which is digital revolution.

“We need to involve private sector operators in ensuring that we lay the foundation for a sustainable growth of the Nigerian economy and to diversify the revenue streams of the economy.”

According to him, “the more we create local competitiveness to make our local economy attractive, the better for us.

“And it comes in various ways: in terms of infrastructure, in education, right policies to develop the right education skills training to make people employable, right health facilities.”

Akinwunmi anticipated an uptick in inflation, to be, “driven by the escalation in price of food and account of the food shortage, the clash between herdsmen and farmers, the flooding issue that we had across the country. And maybe, if the minimum wage is approved for payment, it may likely have some little additional increase to it.”

He noted that if the ongoing agitation for an increase in minimum wage is approved and it leads to upsurge in liquidity in the system, the Monetary Policy Committee may intervene by adjusting the Cash Reserve Requirement (CRR) to soak the liquidity.

On capital flight, Aknwunmi said: “The capital flight will continue to increase because of the increase in rates in developed countries, which we call a saving haven. And it’s putting a lot of pressure on foreign exchange.”

https://www.akelicious.net/2018/11/n282trn-to-hit-money-market-in-november.html

Dem go still shout baba is not working on the economy.

This will not pass us by!

Susu888:
Dem go still shout baba is not working on the economy.

If some children of hate want to be blind and deaf to good news around the country, there is nothing we can do to about that!

Susu888:
Dem go still shout baba is not working on the economy.

I hope you got a good inflow from that trillion ? Else the fortunate few will be smiling while the unfortunate many will be praising them cos of road and railway that will not be maintained in the near future.

U see how much was borrowed ? If you know the implication

ETHIX:



I hope you got a good inflow from that trillion ? Else the fortunate few will be smiling while the unfortunate many will be praising them cos of road and railway that will not be maintained in the near future.

U see how much was borrowed ? If you know the implication

But at least we got the rails nd roads mr ethix... better than nothing don’t u agree?? Before there were borrowings as well but we got nothing tangible to show for it nd the fortunate few still smiled!!!

Susu888:
Dem go still shout baba is not working on the economy.

The money is owned by investors and government. Expect further pressure on the naira

God Almighty intervene

The last time I check we already entered November..... Am until ending... This must be Lai Muhammad talking again

Susu888:
Dem go still shout baba is not working on the economy.

Maturity of Govt fixed income securities happens every month but mostly in November of every year being that the cycle is usually twelve months Long and there are no new securities floated till the following year

Abracadabra still Nigeria will still remain the poorest country in the world, shine your eyes oo

how will it impact

ETHIX:



I hope you got a good inflow from that trillion ? Else the fortunate few will be smiling while the unfortunate many will be praising them cos of road and railway that will not be maintained in the near future.

U see how much was borrowed ? If you know the implication

But how much was borrowed in relative to was previously borrowed?
And who has something show the present or previous administration?

Abeg Pmb na 100k naim I need. Make e just reach my account.

a very much welcome development, but I hope it won't be hoarded by some few elites and thereby defeating the purpose

check my siggy, get your electronics, SMART TVs and sound bars at affordable rate,payment on delivery, BUY4ME services available too with POD option.

GOOD NEWS

THIS IS FOR CAR OWNERS AND MECHANICS

THE DAYS OF GAMBLING WITH YOUR VEHICLE IS GONE FOREVER

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Zombies with no Knowledge of economics are already shouting sai baba..

hi

Mankosi:
Zombies with no Knowledge of economics are already shouting sai baba..

.. And you are an expert in economics? Please tell us more

.........THIS . ONE. GO. PAIN. CHILDREN OF HATE ! NO BE SMALL ! YOU NO GO SEE DEM HERE !

Even if he tried you wouldn’t still understand. Everything you need to know is written up there in black and white what further explanation do you need.

olaolaking:
.. And you are an expert in economics? Please tell us more

wil it nw make rice cheap

Some pathetic enemy of Nigeria who have sold their souls to hatredwill not like this.

I pray that as they despise good news for this country, let good things be far from them. And as they rejoice in bad news, let bad things continually sorround them.