The upcoming Nigerian Economic Summit will address key issues such as building a more secure society, fostering inclusive development, and sparking innovation.
At a World Press Conference in Abuja, key figures including Mr. Nnanna Ude (Board Director, NESG), Mrs. Cecillia Akintomide (Co-chair, Private Sector Joint Planning Committee for NES#30), Mr. Udeme Ufot (Board Director, NESG and Chairman, NES#30 Media and Publicity Sub-Committee), Dr. Emeka Vitalis Obi (Permanent Secretary, Federal Ministry of Budget and Economic Planning), Mr. Felix Okonkwo (Director, Macroeconomic Analysis, Federal Ministry of Budget and Economic Planning), and Dr. Tayo Aduloju (CEO, NESG) outlined the summit’s objectives.
Niyi Yusuf, Chairman of the Nigerian Economic Summit Group (NESG), has called for decisive measures to tackle Nigeria’s economic issues. Representing Yusuf, Udeme Ufot emphasized the urgency of collaboration among government, business, and civil society. He highlighted the summit’s theme, “Collaborative Action for Growth, Competitiveness, and Stability,” stressing the need for innovative governance and transformational leadership.
Despite a 3.2% GDP growth in Q2 2024, up from 2.5% in Q2 2023, Nigeria’s economic growth has not improved living standards. Yusuf noted that per capita income decreased from $2,162.60 in 2022 to $1,645.76 in 2023, with multidimensional poverty at 62.9% in 2022.
The summit aims to explore opportunities for shaping Nigeria’s future toward sustainable prosperity. Senator Abubakar Atiku Bagudu, Minister of Budget and Economic Planning, represented by Dr. Emeka Vitalis Obi, emphasized the long-standing partnership between the Federal Ministry and NESG, which has provided a platform for addressing national socio-economic challenges.
Obi highlighted the extensive preparations and pre-summit dialogues led by the Joint Planning Committee (JPC) to ensure a successful event.