Soludo, Funmi Iyanda debate how to fix Nigeria’s economy at Royal African Society event

Funmi Iyanda

Former Governor of the Central Bank of Nigeria (CBN), Professor Charles Soludo, and a panel of experts will share their practical solutions to Nigeria’s current economic crisis in a special event organised by The Royal African Society, in partnership with Creation TV and The Frontline Club in central London on Wednesday March 30 as part of ongoing event series tagged How To Fix Nigeria.

The series is the brainchild of award-winning broadcaster, Funmi Iyanda.

Now in its second year, How to Fix Nigeria brings together a broad range of speakers to discuss practical solutions to Nigeria’s contemporary challenges.

For this instalment of the series, Professor Soludo, joins well-known commentator on Nigerian economic affairs, Feyi Fawehinmi, and Head of Africa Country Risk at IHS, Natznet Tesfay, to delve into the currency crisis and its deeper structural problems.

Iyanda will lead the discussion unpacking the current economic climate in Nigeria from deindustrialisation and over dependence on oil to social media campaigns such as #BuyNaijaToGrowTheNaira.

Less than a year after the excitement surrounding the historic 2015 election which peacefully transferred power from the People’s Democratic Party (PDP) to the All Progressives Congress (APC), Africa’s largest economy and the continent’s biggest oil producer is on the brink of an economic crisis. Oil prices have fallen to around $33 a barrel, the lowest since the 1990s – resulting in serious consequences for Nigeria where oil accounts for 35% of GDP and 75% of the government’s revenues.

The interactive discussion will include questions from the live audience in the Frontline Club in London as well as audiences in Nigeria and globally joining the discussion via the event’s livestream channel using the hashtag #HowtoFixNigeria.

It starts at 7pm Nigerian time.

The Royal African Society is a membership organisation that fosters a better understanding of Africa in the UK and throughout the world. Our goal is to promote Africa globally in the spheres of business, politics, academia, arts and culture. We disseminate knowledge and insight to make a positive difference to Africa’s development and celebrate the diversity and depth of African cultures.

Set up in 2003, the Frontline Club is a media club that aims to champion independent journalism, promote engagement and dialogue on international affairs, and provide a diverse range of training for journalists and other media workers. The Frontline Club delivers an extensive programme of public debates and screenings, bringing together many of the world’s best journalists, filmmakers, photographers and thinkers.