Business and Investment Outlook 2023 [Part 3]

In this three-part series, TEMPLARS partners, Chike Obianwu, Zelda Akindele, and Sesan Sulaiman start off with a recap of the major trends, transactions and developments of 2022, and then go on to share their respective outlooks for the Nigerian economy and legal services market for 2023.

Important takeaways from the concluding instalment of this three-part series include:

The potential oversaturation of traditional lenders/commercial banks in Nigeria and the opportunities for financial inclusiveness presented by Nigeria’s unbanked population.

An anticipated increase in public and private infrastructure investments in the wake of the recent commissioning of major infrastructure wins e.g., the Lekki Free Zone Port and the Second Niger Bridge.

The continuing effect of recent amendments in tax laws on technology investments in Nigeria.

The business impact of the proposed amendments introduced in the new Finance Bill such as taxation of digital assets and provision of additional incentives for gas investments.

The role of lawyers as protectors of business interests amid regulatory and legislative uncertainty.

Watch the full video to learn more about what’s ahead in 2023.