The Federal Ministry of Budget and Economic Planning, in collaboration with the Nigerian Economic Summit Group (NESG), has designed the 30th edition of the summit (NES-30), to address the current economic headwinds facing the country with a view to creating a pathway to stability.
Themed, ‘Collaborative Action for Growth, Competitiveness and Stability’, the summit will hold from 14-16 October 2024
Addressing the media last weekend, the Minister of Budget and National Planning, Senator Abubakar Bagudu said “the theme was carefully chosen to discuss priorities for addressing the current economic challenges, stabilizing the economy and reposition Nigeria in the regional and global stage, focusing on product complexity and competitiveness, with a view to the realization of the country’s enormous potentials. It will also focus on Nigeria’s leadership role in driving the continent’s transformation through institutions, investment, integration, industry, and innovation”.
Over the past one year, the current administration had tinkered with several options to manage the impact of its economic reforms on the livelihood of the citizens but their efforts seem not working.
Bagudu said the Summit discussions will be designed around five Sub-Themes, namely; Fostering Inclusive Development; Unleashing Business Dynamism; Building a More Secure Society; Igniting Innovation and Digital Evolution and Promoting Stakeholder Collaboration.
He further stated: “Stakeholders will be engaged in frank discussions designed to place the country on a sustained growth trajectory, competitiveness, and stability, harnessing the nation’s demographic dividend. Stakeholders would highlight the imperatives of economic sustainability, inclusive growth, execution, political economy and visionary leadership as drivers of sustainable socio-economic development.
“In this context, the Summit will among others: set an economic policy agenda for a stable and accelerated economic growth, underpinned by sustainable and inclusive development; Deliberate an actionable framework for transformative political leadership and effective governance that builds the Nigerian state’s capacity to deliver dividends of democracy;Build consensus on the imperatives for transforming Nigeria’s human capital into national productive and innovative capacity that creates a secure, stable and collective future for all; Identify pragmatic initiatives to challenge the impediments to growth and adopting a Bottom-Up approach to subnational competitiveness that contributes to national economic growth and development; andArticulate the framework within which economic priorities for Nigeria in 2024 and beyond are debated, discussed and agreed by consensus”.
Chairman of NESG, Mr. Niyi Yusuf said: “Our theme for this year’s Summit, emphasises that now, more than ever, we must embrace a business-unusual approach, innovative governance, and transformational political leadership. It is only through collaborative action between government, business, and civil society that we can unlock Nigeria’s vast potential”.
