NES#30 outcomes crucial for policy, strategy development – NESG

As Nigeria prepares for the landmark 30th Nigerian Economic Summit (NES #30), the Summit’s discussions and outcomes will be pivotal in shaping policies and strategies that harness Nigeria’s potential to drive continental transformation.

The Summit will harness diverse perspectives and collective expertise to address common challenges, create shared opportunities, and ensure sustainable economic progress for all Africans.

Ms. Ayanyinka Ayanlowo Ag. Head of Strategic Communication & Advocacy of the Nigerian Economic Summit Group (NESG), who disclosed this in a correspondence, added that the NES #30 aims to leverage Nigeria’s significant role in driving Africa’s transformation.

The NES #30, with the theme, “Collaborative Action for Growth, Competitiveness, and Stability,” stands as a beacon for the nation’s future trajectory, NESG is poised to facilitate groundbreaking discussions that will influence the nation’s economic policies and strategies.

She said the theme of collaborative action for growth, competitiveness, and stability will catalyze meaningful deliberations, focusing on: Institutions: Strengthening institutions to support economic activities and governance.

Ms. Ayanlowo stressed that the theme encapsulates what is needed to propel Nigeria and Africa, towards a more prosperous, inclusive, and resilient economic future.

“The theme, “Collaborative Action for Growth, Competitiveness, and Stability,” underscores the importance of collaborative action among all stakeholders. Governments, businesses, civil society, and international partners must synergize their efforts to address Nigeria’s and Africa’s socioeconomic challenges,” she stated.

She said, “This collaboration is essential for Stability: Addressing current socioeconomic challenges to ensure a stable environment conducive to growth and investment. Growth: Exploring strategies to enhance economic competitiveness and drive sustainable growth. Inclusivity: Identifying pragmatic policies and actions that promote inclusive growth and development, ensuring that no segment of society is left behind.”

The NESG pointed out that Nigeria’s economic performance has a profound impact on the broader African region due to its size, influence, and interconnectedness.

ALSO READ:Akwa Ibom PDP elects new excos, national delegates

It noted that the country’s large domestic market, abundant natural resources, and significant corporate footprints make it a key player in the continent’s economic dynamics, and as the most populous country in Africa, Nigeria’s economic health influences consumption, investment, and trade patterns across the region.

Over the years, NES has been a catalyst for significant economic reforms in Nigeria, particularly in the banking sector, telecommunications, maritime and seaports, and the energy sector.

These reforms have been crucial in creating a more efficient, competitive, and diversified economy.

The NES platform has also been instrumental in fostering an environment that encourages entrepreneurship and innovation, driving Nigeria’s economic growth and global competitiveness.