2020 Economic Model and Sectoral Opportunities

2020 Economic Model and Sectoral Opportunities

Dear Client/Reader,
The Nigerian Economy is faced with the twin problem of low oil prices and the Covid-19 pandemic. Consequently, growth forecast for 2020 will be built around the expected impact of the crash in oil prices on the performance on the economy and on different sectors – as observed in the 2016 oil induced recession, and also factor in the impact of the virus and its containment measures on economic activities. In addition, our economic expectations would account for the unprecedented policy response proposed by the government to tackle this economic crisis by way of a N2.3 billion stimulus plan.
Despite the ravaging pandemic, there are still viable investment opportunities in the equity market. Equities that exist in the identified opportunity sectors are best poised to weather the headwind and sustain their growth and profitability. Consequently, we have identified, and recommended stocks that are strategically positioned to offer attractive returns even during a pandemic.
Please find attached our full report titled “2020 Economic Model and Sectoral Opportunities”.

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