Moghalu Briefs EU Nigeria On Economy, Named Fellow Academy Of Int’l Affairs

A former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, on Tuesday, briefed the diplomatic missions of EU member countries in Nigeria on the Nigerian economy.

Prof Moghalu, who is also President of the Institute for Governance and Economic Transformation (IGET) and CEO of Sogato Strategies LLC, examined the status of the economy.

The briefing, chaired by Zissimos Vergos, Deputy Head of the EU Delegation to Nigeria and ECOWAS, had in attendance Ambassadors and senior diplomats of 19 EU countries represented in Nigeria – Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Greece, Italy, Hungary, and Netherlands. Others are Poland, Portugal, Romania, Slovakia, and Sweden. The event was held against the backdrop of economic reforms introduced by the administration of President Bola Tinubu and the cost of living crisis that has resulted as a consequence.

Professor Moghalu’s briefing, titled “Nigeria’s Economy in 2024: Prospects and Challenges”, included an independent assessment of the present inflationary trend in the economy, foreign exchange pressures, foreign investment, manufacturing and productivity, as well as steps taken by the Government of Nigeria to meet these challenges.

The former Deputy Governor of the Central Bank of Nigeria also made recommendations on specific steps the EU countries can take to support Nigeria’s economic recovery. A robust dialogue between Moghalu and the European diplomats followed his briefing.

Professor Moghalu was also recently the keynote speaker at the LEADERSHIP Newspapers 2024 Conference and Awards with the theme “An Economy in Distress: Which Way Forward?”

Separately, Moghalu was one of 24 distinguished Nigerians, mostly former Ministers of Foreign Affairs, retired Foreign Service Officers who served as Ambassadors, Professors of International Relations, and two retired military generals with extensive International security experience, who were inducted as Fellows of the Academy of International Affairs, Nigeria at the Academy’s official inauguration yesterday at the Ministry of Foreign Affairs in Abuja. The event was chaired by former Military Head of State Gen. Dr. Yakubu Gowon. Professor Benedict Oramah, President of the African Export Import Bank (Afreximbank), delivered the Keynote Address and was also inducted as Honorary Fellow of the Academy.

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The Academy of International Affairs is a private think tank founded by former External Affairs Minister Professor Bolaji Akinyemi. Its purpose is to provide advice to the Federal Government of Nigeria, and insight and education to the Nigerian public, civil society and the private sector on international affairs in order to strengthen Nigeria’s standing in the world.