The Nigerian Economic Summit Group (NESG), a private sector funded think-tank, research and policy advocacy group, in partnership with its public sector counterpart, the National Planning Commission (NPC) is set to host the 21st Nigerian Economic Summit (NES#21) scheduled to take place from 13th – 15th October 2015 at Transcorp Hilton, Abuja.
Themed “Tough Choices: Achieving Competitiveness, inclusive Growth and Sustainability” the 21st Nigerian Economic Summit is coming up at a unique time in the history of Nigeria when regardless of recent GDP rebasing exercise which placed the country as Africa’s foremost economic power (estimated GDP of US$536 billion) in 2014; the current macroeconomic space is characterized by a continuous decline in international oil prices, weakened public finances, foreign exchange crisis, weak institutions, insecurity weak infrastructure and high youth unemployment rates with attendant negative impacts on the nation’s competitiveness index.
NES#21 therefore seeks to examine and facilitate stakeholders’ consensus on the tough choices that need to be made in order to achieve competitiveness and inclusive growth in a sustainable way, through measureable outcomes. It is therefore expected that the summit conclusions will be crucial in defining the agenda that will help in making Nigeria’s socio-economic environment globally competitive.
The summit has been structured to include presidential policy dialogue where His Excellency, President Muhammadu Buhari is expected to lead a conversation which will focus on key strategic elements required to make Nigeria globally competitive.
Other sessions during NES#21 include: Leveraging Nigeria’s Competitive advantage; Business sustainability in the Age of SDGs; a RoundTable with Vice President on Reforming Public Institutions; Round table with National Assembly on setting a legislative Framework for High-Performance Governance; Conversation with State Governors on Sub-National Competitiveness; Policy Commission breakout sessions as well as Design Workshops.
The summit is expected to be attended by several stakeholders and resource persons, including foreign speakers.