By Daniel Obi
Copyright businessday
Jolomi Odongahanro, Head of Research and Strategy at Cordros Capital Limited, has taken a detailed outlook on the Nigerian economy 2025, saying that bold economic reforms and increased fiscal discipline have supported a cautious recovery in this year.
He spoke recently at the Cordros Wealth Summit 2025 in Abuja which brought together high-net-worth and high-net-worth investors, financial experts and thought leaders.
Held under the theme “Re-imagining the Future of Wealth,” the event, according to a statement served as a crucial platform for in-depth discussions on mastering and sustaining wealth in a rapidly evolving global and local economic landscape.
According to Odongahanro , “key projections include: Inflation: Anticipated to stabilize around 20%, a decrease from the prior year’s 23.3%; Exchange Rate: The Naira is expected to remain stable, with a year-end forecast of N1,550 per dollar, supported by strong foreign portfolio inflows; and Monetary Policy: After an initial tightening to 27%, a loosening of monetary policy is expected once internal and external factors align”.
At the summit which also addressed the global economic landscape, Odongahanro highlighted the positive impact of new technologies and green transitions on trade competitiveness.
However, he warned of significant challenges, including US trade tariffs, high trade tensions, and low confidence, which had impacted global capital flow.
He also noted the volatility in the crude oil market, forecasting an average price of $71 per barrel for the year.
But, Opeyemi Agbaje, Acting Chairman of the Nigerian Pension Commission, delivered a thought-provoking presentation entitled “The Evolving Status Quo: Is Nigeria Rising?” He referenced the bold reforms implemented by the new administration, including the removal of fuel subsidies and the liberalization of the FX market.
“My perception of the data is that we are turning in a good direction, a data that is speaking to economic stabilization,” he stated, expressing optimism about the country’s trajectory.
Also speaking at the event, Wale Agbanyangi, Managing and Group CEO of Cordros Capital Limited, expressed gratitude to clients in Abuja and the Northern region, highlighting their significant contribution—25% of Cordros’s total business.
This marked the third edition of the annual summit and the first time it was held in Abuja, fulfilling a long-standing request from clients. Agbanyangi also shared Cordros’s journey, celebrating 18 years of growth and the expansion to six subsidiaries, attributing the firm’s success to its clients.
Bola Ajomale, Executive Director of Operations of the Securities and Exchange Commission (SEC), representing his Director-General, delivered a keynote on the transformation of the Nigerian economy and capital market.
He emphasised the market’s fundamental role in Nigeria’s stability, noting recent growth, including a N1.7 trillion increase in the commercial paper market and a 16.6% rise in the equity market.
Ajomale stressed the importance of digital security and ESG (Environmental, Social, and Governance) principles. He highlighted Nigeria’s leadership in this area, citing the issuance of N89 billion in green bonds with plans for an additional N300 billion.
He concluded by advising investors to “make sure your technology is protecting you adequately and avoid digital bridge,” reinforcing the need to combine wealth creation with robust technological protection.
