Economic Analyst, Bismarck Rewane Predicts Positive Business Outlook For Nigerian Economy In 2026

The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has predicted a positive business outlook for Nigeria, saying there is rising consumer confidence

The Economic Expert was speaking 

on Saturday during an economic roundtable tagged “Building with Resilience in the Nigerian Economic Environment,” organised by The Platform.

“The overall consumer outlook is that consumer confidence is rising, suggesting optimism about the economy and potential increasing consumer activity influenced by positive expectations about family income and financial situation,” Bismarck stated.

“At the end of the day, it is consumers. The consumer is king, technically speaking. But if your policies are not right, consumers can be the slave; that is why we have consumer protection. We have seen this lately when the Dangote Refinery versus the various importers, tank farms…. What happened? The consumers became king — price war between all of this — at the end of the day, the market became a disciplinarian.”

Giving a breakdown of African economies, he said Nigeria was making a transition from “command economy to a market-driven economy”.

He said policy makers believe that intervention should be done to bring about stability, rather than creating false outcomes.

During the programme, the economist also weighed in on the conflict trailing some African countries that are rich with mineral resources.

He cited the cases of Liberia and Sierra Leone, as well as the frequent conflicts in the Democratic Republic of Congo, attributing them to the abundance of rich mineral resources.

“Look at the solid mineral map across Nigeria, and you will see the effect of resource nationalism. It is not by coincidence that Nigeria found oil in 1958 in Oloibiri, and by 1966, there was already a war about seceding from Nigeria with the oil.

“It is not a coincidence. There is what we call resource nationalism and the crisis that comes with it. It is not by coincidence that the gold and diamonds in Liberia and Sierra Leone led to the crisis at ECOMOG.

“There is the discovery of resources, and there’s also the crisis that comes with resource nationalism and the political instability that goes with it,” Rewane stated.