 By 2030, Niger would top the league of most extreme poor people in the world over taking Dirao Congo, India and Madagascar if deliberate steps are not taken to stabilize the economy. This was the submission of Belgian economist Professor Stalfan Dekron while delivering his keynote address at the launch of the State of Enterprise report 2022. Details in this report. Brought together expert from the financial and professional services sector, FBS. The Yes or E report, a first of its kind, an annual industry publication, gives insight into Nigeria's FBS sector. Delivering his keynote address, a professor of economic policy at the University of Oxford, Stalfan Dekron, stated that the financial and professional services industry is instrumental to driving any nation's economy. He noted that unnigrated thrives and is more stable with better economic policy will cause all businesses to flourish. Stakeholders say that if there is prosperity and no poverty, there will be peace. For them, the FBS industry is instrumental in driving the prosperity and economic development of Nigeria. We will ensure that together in our practice as professional firms, we give Nigeria the very best that it deserves. And we will also ensure that the private sector under this umbrella comes together as a partner with other sectors for growth and development of our nation. There's clearly a need to change the narrative about Nigeria and we can't leave it alone to the public sector. The private sector also needs to take the initiative and give in the very critical role that the financial and professional services sector plays in economic development, as we have seen in other parts of the world. This is why the enterprise NGR was established. It's about realizing that there's a bigger goal for all of us and therefore engaging. And you know, engagements have taken place historically in different forms. We think this kind of platform where there's hopefully a collective voice, a sort of unified voice, can also have maybe a bigger impact. Managing Director of a Merchant Bank, Banja Bikwungbe, emphasizes the need for strong partnership between the business community and those with political powers. And we see the financial and professional services as a catalyst for economic development and growth. And the focus here is to provide a platform that can ensure that the financial and professional services sector in Nigeria can rank with that anywhere in the world and can also provide that catalyst and provide that platform to generate development and growth across all sectors of the economy. Just like other participants, Banja hopes that if all chronicled in the report are adhered to, everyone stands to benefit from the ripple effects of economic development. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.