NESG, Finance ministry unveil activities for #NES27

The Nigerian Economic Summit Group (NESG) in partnership with the federal ministry of Finance, Budget and National Planning has unveiled the theme and activities for the 27th Nigerian Economic Summit tagged, “Securing our future: The fierce the urgency of Now”.
While welcoming participants to the event, the chairman of the NESG, Mr Asue Ighodalo said that the annual Nigerian Economic Summits have been sustained by the public-private dialogue between the Nigerian Economic Summit Group (representing the private sector) and the Federal Ministry of Finance, Budget and National Planning (representing the Federal Government of Nigeria)

He said the summit serves as a platform through which the federal and state governments engage with corporate leaders and discuss Nigeria’s national and sub-national economic realities to co-create reform strategies that are critical for the advancement and reform of the Nigerian economy.

Mr Ighodalo stated that “With the present state of the Nigerian economy, increasing unemployment, pervasive insecurity and dwindling investments in critical sectors, the time is ripe to question the path for securing a long-term future for Nigeria that guarantees every citizen’s right to economic, social, political, environmental and physical safety”

The chairman of the NESG said that with the current state of the Nigerian economy, it has become essential for the country to adopt a different approach with a profound sense of urgency; in finding workable measures and concerted action towards achieving economic growth and national security.

“This 27th Nigerian Economic Summit will present a platform for stakeholders to highlight Nigeria’s core socio-economic vulnerabilities and the associated risks to come up with solutions that alleviate these vulnerabilities while exploring potential opportunities and priorities that will accelerate economic development”, Mr Ighodalo stated.

The Minister of state, Budget and National Planning, Prince Clem Agba in his statement said that Nigeria’s inflation rate is showing a downward trajectory despite the challenges faced globally.

He stated that the Summit provides a platform for effective partnership, strengthen relationships and that the conclusions and recommendations of the 26th Nigerian Economic Summit has been forwarded to the cabinet office and will soon be deliberated on by the Federal Executive Council.

Prince Agba revealed that the government is on the verge of completing the Medium and Long-term National Economic Development Plan which will serve as a successor plan to the long-term National Vision 20:2020.