This year’s CFO survey revealed that in contrast to 2018, CFOs are less optimistic about the prospects for growth in the Nigerian Economy.
The KPMG Chief Financial Officers (CFO) Forum is a platform for discussing issues of common interest to CFOs as well as an avenue for CFOs to interact as a group with relevant government regulators and policy makers. The Annual CFO Outlook Survey continues to provide valuable insight into how CFOs and their organisations view the business environment.
Over the last twelve months, the Nigerian economy has experienced some relative stability with a deceleration in the rate of inflation and stable foreign exchange rates. This is largely due to stable oil prices, stability in domestic oil production and improvement in foreign exchange availability. The build up to the 2019 elections however created some level of uncertainty in the business environment and led to decreased foreign capital inflows and declining stock prices.
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