……. Admits New Partner
Grant Thornton Nigeria has said that it is optimistic about the prospects of Nigeria’s economic growth, entrepreneurial development, and innovation in the mid-market. This optimism was expressed by the Managing Partner and Chief Executive Officer of the firm, Dr. Ngozi Ogwo, in Lagos. Dr Ogwo said the optimism is predicated on the implementation of new economic policies which she believes would bring with it the significant responsibility of attracting and retaining both domestic and foreign investments, which are crucial for enhancing the country’s economic stability and reputation.
She said that Grant Thornton Nigeria is prepared to provide high-quality transactional advisory services with the addition of Mr. Tayo Adedokun as a new partner in the Advisory service line. She
highlighted the firm’s commitment to providing transactional advisory services essential for nurturing a resilient business environment in Nigeria and the African continent.“Transactional Advisory Services (TAS) play key roles in maintaining the integrity of business transactions in the country through the provision of comprehensive financial evaluations, risk assessments, and compliance reviews, which lead to increased trust and confidence in the market,” she said.
According to a statement issued in Lagos by Grant Thornton, the new partner, Adedokun, joined the firm in 2009 as a chartered accountant and developed expertise in audit and advisory services. In 2016, the statement said, he transitioned to the Advisory service line and has consistently delivered exceptional results in specialties such as valuation, due diligence, reporting accountant, and corporate governance review engagements, among other services for listed and other corporate organizations.
“Over his 14 years with the firm, Tayo has demonstrated outstanding leadership, expertise, and commitment while delivering exceptional value to our clients in various sectors such as oil and gas, manufacturing, broadcasting, telecommunications, and pharmaceuticals and continues to propel the firm’s success by further bolstering its transactional advisory services”, the statement added.
Speaking on the admission of the new partner, Mr. Orji Okpechi, Head of Advisory Services in the firm, reiterated the significance of Transactional advisory services to the economy, stating that it cannot be overstated. “These services encompass a wide range of activities such as mergers and acquisitions, capital raising, restructuring, and strategic financial planning and it plays a crucial role in economic development by facilitating and supporting complex business transactions”, he said.
According to Okpechi, regional activities such as the African Continental Free Trade Agreement (AfCFTA), along with global and indigenous economic policies, create important platforms for mid-market players to reach their full potential. He pointed that one significant impact of transactional advisory services in the trajectory is the ability to stimulate investment and entrepreneurial initiatives by providing expert guidance and support throughout the business transaction process, and these actions instill confidence in investors and businesses, leading to an increase in investment inflow and business expansion. This, in turn, stimulates economic growth, creates employment opportunities, and fosters overall prosperity.
He explained that productivity and competitiveness in the marketplace are optimized with the efficient allocation of resources within the economy as businesses make informed decisions, identify growth opportunities, and enhance their capital structure through thorough analysis and due diligence.
TAS,he also said, supports the sustainability and growth of mid-market and small and medium-sized enterprises (SMEs) operators to access capital, expand their operations, and navigate through complex regulatory frameworks thereby contributing to the diversification and resilience of the economy.
Grant Thornton Nigeria is a strategic growth market (SGM) within the Grant Thornton International Ltd (GTIL) global network of independent assurance, tax, and advisory firms made up of over 76,000 people across 151 countries and recognized by capital markets, regulators, and international standard-setting bodies.