The Nigerian Economic Summit Group(NESG) says the country’s sustainable growth of the Nigerian economy is constrained by factors such as the continuous free fall of naira against the US Dollar and inflation which have neutralized all efforts towards poverty alleviation in Nigeria
The group bares its mind in a release ahead of 28th Nigerian Economic Summit (NES#28) which seeks to refocus the minds of Nigerians on its developmental imperatives for the present and the future.
Besides,NESG said most socio-economic trends wane as insecurity pervades every region in varying dimensions, threatening food security, school enrolment and the general safety of lives and properties.
It added:”There is no gainsaying that the quality and will of the political leaders coupled with the overall cohesiveness and optimal functioning of the machinery and arms of government across the federation have a pivotal role to play in the reversal of Nigeria’s trajectory.
“It is in full awareness and sensitivity to the observed risk of losing sight of our developmental priorities as a nation and the momentum of reforms that the Nigerian Economic Summit Group (NESG) and the Federal Ministry of Finance, Budget and National Planning will convene stakeholders from the private sector, academia, public sector, development institutions, and civil societies to deliberate and identify the imperatives for a prosperous Nigeria. Hence NES #28 theme “2023 and Beyond: Priorities for shared prosperity”
The statement explained that the stakeholders at the Summit would deliberate on the key execution priorities for the incumbent government and the incoming leadership in 2023 through four sub-themes including: delivering macroeconomic stability for shared prosperity, investing in the future, unlocking the binding constraints to execution and reframing the agenda for transformational leadership
It added that the session discussions at the summit will be dimensioned from the above sub-themes to enable stakeholders to make actionable recommendations on specific issues under the subthemes.
“The 28th Nigerian Economic Summit (#NES28) with the theme “2023 and Beyond: Priorities for Shared Prosperity” seeks to galvanize stakeholders to deliberate on an actionable framework for transformative political leadership and effective governance, to facilitate economic growth and nation building. NES #28 presents the best opportunity for stakeholders to agree on a consensus on the national and sub-national imperatives for economic security, social justice, conscientious governance, political stability and environmental sustainability.
“The summit hopes to discern the imperatives for harnessing Nigeria’s latent human capital wealth as a means of securing our collective future by identifying critical factors for effective policy implementation for sustained economic growth. #NES28 will also highlight stakeholder actions needed to eliminate barriers to inclusive economic growth and development; Identify pragmatic initiatives to elicit economic leadership at the subnational levels, by adopting a “Bottom Up” approach to economic growth and development and articulate the economic agenda for the incoming leaders in 2023 and beyond,”the statement explained.