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BABAJIDE OLUSOLA SANWO-OLU was born on June 25, 1965, and holds a B.Sc in Surveying and an MBA from the University of Lagos. He is an alumnus of the John F. Kennedy School of government, the London Business School and the Lagos Business School.
Mr Sanwo-Olu became an associate member of the Chartered Institute of Personnel Management (CIPM) and a fellow of the Nigeria Institute of Training and Development (NITAD).
Governor Babajide Sanwo-Olu taking the oat of office during his swearing-in ceremony in 2019. [Photo: Lagos State Government Twitter account]
He was the treasurer at the former Lead Merchant Bank from 1994 to 1997 after which he moved to the United Bank for Africa as the head of foreign money market. He then proceeded to First Inland Bank, Plc (now First City Monument Bank) as deputy general manager and divisional head.
Punch Newspapers
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Published 31 December 2020
Lack of infrastructure, consistent foreign trade deficits, worsening exchange rate among other economic challenges are major impediments that may hinder production of standard and cheap products that can compete favourably with foreign products when the African Continental Free Trade Area commences, NIKE POPOOLA reports
Comparative advantage
Nigeria has consistently maintained foreign trade deficit records in recent quarters. This means imports have continued to exceed exports.
This situation is a major concern of stakeholders who are worried about the capacity of the country to compete favourably with its continental neighbours when the African Continental Free Trade Area starts on January 1, 2021.
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021.
Punch Newspapers
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• Businesses lament, knock govt over poor inflation management
Nike Popoola and
Tunde Ajaja
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021.
The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months.
The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market.
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Help Nigeria out of recession, Obasa urges accountants The Punch
Dayo Ojerinde
The Speaker, Lagos State House of Assembly, Mudashiru Obasa, has charged Accountants in Nigeria to deploy their talents and professionalism to take Nigeria out of recession.
Obasa made the appeal at the 14th Annual Public Lecture, Dinner and Award Nite organised by the Association of National Accountants of Nigeria, Ikeja branch, according to a statement on Wednesday.
Speaking on the theme of the event, ‘The Role of Professional Accountants in Revitalising an Economy in Recession, Lagos State in Focus,’ Obasa, said the role of accountants in bringing the nation out of recession could not be underestimated.