Consumer insight, retail business development and growth for 2019 and beyond will shape the key issues to be discussed at theThe Nigeria Retail Business Outlook 2019 with the theme “Building the Appetite for Sustainable Growth”.
The quarterly event Put together by Bervidson Group, the event is scheduled to hold on January 17th at the Lagos Continental Hotel, Victoria Island, Lagos, strictly for enterprise level leaders – owners, c-level executives and senior managers in retail and retail supporting organisations.
According to a statement from to the orginsers the roundtable event will seek to address pertinent issues on current and future retail business in Nigeria, best practices within the organizations for sustainable growth and development.
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 2.3percent 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. Seasoned speaker of repute has been invited. Doyin Salami will be the Keynote Speaker and to lead the discussions.
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, the Retail Roundtable is inviting all stakeholders 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.
BUNMI BAILEY
