The Federal Ministry of Budget and Economic Planning, in partnership with the Nigerian Economic Summit Group (NESG), has organized the 30th edition of the Nigerian Economic Summit (NES-30) to tackle the country’s current economic challenges and chart a course towards stability. The event, themed “Collaborative Action for Growth, Competitiveness, and Stability,” will take place from October 14-16, 2024.
During a media briefing last weekend, Senator Abubakar Bagudu, Minister of Budget and National Planning, explained that the theme was carefully selected to focus on addressing key economic issues, stabilizing the economy, and positioning Nigeria on the regional and global stage. He emphasized that the summit will explore Nigeria’s potential in product complexity and competitiveness while highlighting the country’s leadership role in Africa’s transformation through institutions, investment, integration, industry, and innovation.
Over the past year, the current administration has explored various options to mitigate the impact of its economic reforms on citizens, but these efforts have not yielded the desired results.
Bagudu also noted that the summit will be structured around five sub-themes: Fostering Inclusive Development; Unleashing Business Dynamism; Building a More Secure Society; Igniting Innovation and Digital Evolution; and Promoting Stakeholder Collaboration.
He added, “Stakeholders will engage in open discussions aimed at placing Nigeria on a path of sustained growth, competitiveness, and stability, leveraging the nation’s demographic dividend. The discussions will focus on economic sustainability, inclusive growth, execution, political economy, and visionary leadership as key drivers of socio-economic development.”
The summit aims to:
- Set an economic policy agenda for stable and accelerated growth, emphasizing sustainable and inclusive development.
- Develop an actionable framework for transformative political leadership and effective governance, strengthening Nigeria’s ability to deliver the benefits of democracy.
- Build consensus on the need to transform Nigeria’s human capital into productive and innovative capacity, ensuring a secure and prosperous future.
- Identify practical solutions to overcome barriers to growth, adopting a bottom-up approach to enhance subnational competitiveness.
- Establish a framework for debating and agreeing on Nigeria’s economic priorities for 2024 and beyond.
NESG Chairman, Mr. Niyi Yusuf, also addressed the media, stating, “This year’s summit theme underscores the need for a business-unusual approach, innovative governance, and transformational political leadership. Only through collaboration between government, business, and civil society can we unlock Nigeria’s vast potential.”
, has organized the 30th edition of the Nigerian Economic Summit (NES-30) to tackle the country's current economic challenges and chart a course towards stability. The event, themed "Collaborative Action for Growth, Competitiveness, and Stability," will take place from October 14-16, 2024.){kind=link}