Monday, 20 May 2024

Nigeria's Economy 'Healthier Than Ever Before' - Zenith Bank CEO

Many will consider Nigeria's economy to going through a rough patch at the moment, with the current political instability, Naira slump and continued oil woes - even Forbes recently questioned if an economic crisis isn't imminent in the country.

However, General Managing Director and CEO of Zenith Bank, Peter Amangbo has a different opinion. According to WorldFinance, he says Nigeria's economy is healthier than before and the banking industry is fueling the economy's recovery.

Excerpt:

“Nigeria has thoroughly recovered from the credit crunch, leaving its economy much healthier than ever before”, says Peter Amangbo, Group Managing Director and CEO of Zenith Bank. While the country sustained impressive levels of growth over the last decade, it was also badly hit by the 2008 global financial crisis. Foreign investors deserted the country, while exports predictably suffered as other countries reined in their spending.

However, the country has enjoyed a strong recovery since, thanks in part to a banking industry that is helping to finance a modern and dynamic economy. Zenith Bank has taken a central role in this recovery, helping to support individuals and businesses during this period of growth.

Amangbo emphasises that Nigeria’s successful economic growth is occurring across commercial and industrial sectors. He is also excited by Nigeria’s investment potential for both domestic and foreign investors.

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