The Managing Director, BCX Nigeria, Mr. Ayo Adegboye, spoke with Emma Okonji on the need for government to support small and medium enterprises by developing policies to ensure stability of businesses

As the year winds down, how will you describe the activities in the technology sector in 2018. What were the challenges and prospects?

Let me begin with business activities in 2017 that was characterised predominantly by economic recession, which ushered us into 2018, where businesses driven by technology, enjoyed relative stability as a result of exchange rate that normalised in 2018. The federal government in her wisdom, tried to stabilise the naira to dollar exchange rate and that helped in business stability to some extent in 2018. The stability in exchange rate allowed for predetermined business decision among organisations. Although it was still rough for businesses at the beginning of 2018, but towards the end of 2018, the measures earlier put in place by government, started manifesting, which helped businesses to become relatively stable towards the end of 2018.

Do you see stability in businesses in 2019, given the fact that it’s going to be election year?

I see such business stability still playing out in 2019, provided the federal government will be ready to develop and maintain policies that will ensure relative stability in business in 2019, especially businesses driven by technology. If the government does not maintain policies that will ensure business and economic stability.... Click here to continue reading