Mohammed Shosanya
The 30th Nigerian Economic Summit (NES #30), will focus on fostering inclusive development, aimed at addressing the socio-economic challenges, improve economic competitiveness, and identify pragmatic policies for inclusive growth and development.
Acting Head,Strategic Communication & Advocacy, Nigerian Economic Summit Group(NESG),Ayanyinka Ayantinka said in a statement on Sunday.
According to her,distributing the benefits of economic growth equitably across all segments of society is essential to achieving sustainable development.
She explained that,inclusive development should focus on diversifying the economy, creating jobs, and fostering inclusive growth that promotes social inclusion and provides targeted intervention for vulnerable groups.
She added:”Inclusive Development,” which is a sub-theme of NES#30, would take centre stage, during the Summit slated for October 14th–16th, at the Transcorp Hilton, Abuja.
“The Summit will prioritise collaborative approaches among stakeholders to ensure stability and progress for all Nigerians.Inclusive development is at the heart of this year’s Summit theme.
“By leveraging the diverse talents and skills of its population, Nigeria can drive innovation and economic diversification. Investing in inclusive growth strategies is crucial for building resilient economies, attracting investments, and ensuring sustainable development that uplifts every citizen.
“This approach addresses economic disparities, enhances social cohesion, and reduces poverty by providing marginalized communities with access to education, healthcare, and employment.”
She disclosed how the first Nigerian Economic Summit was convened in 1993, adding that it “marked a watershed moment in Nigeria’s economic history.”
“Convened against a backdrop of prolonged economic challenges, it signaled a profound shift from a predominantly state-led economic model to a dynamic, private sector-driven economy.
“This transition was not merely about changing economic policies but represented a significant shift in the philosophy guiding Nigeria’s development path.
“For decades after independence, Nigeria’s economy was characterised by a government monopoly in business and industry.
“State-owned enterprises (SOEs) dominated the landscape, supported by substantial public investments intended to spur economic growth.
“The inaugural Nigerian Economic Summit in 1993 was instrumental in advocating for a more private sector-led approach, setting the stage for significant economic reforms.”
She further explained that the NES #30 would provide a platform for meaningful deliberations, as stakeholders would be engaged in “critical discourse to ddress current socioeconomic challenges to ensure stability;explore strategies to improve economic competitiveness;identify pragmatic policies and actions for inclusive growth and development; and Prioritise collaborative approaches between stakeholders for progress.
She said:”The Summit will also spotlight Nigeria’s significance in driving the continent’s transformation through institutions, investment, integration, industry growth, and innovation.
Under the theme “Collaborative Action for Growth, Competitiveness, and Stability,” NES #30 aims to mobilise leaders towards creating shared opportunities for present and future generations,she said.
She said,the Summit will emphasise the importance of achieving Africa’s aspirations in a new global context through bold ideas and actions, supported by strong leadership at the industry, national, regional, and global levels.
She added:”As Nigeria and Africa navigate the complexities of the 21st century, the lessons learned and the foundations laid through the Summits are more relevant than ever.
“NES #30 represents a crucial moment for reflecting on our progress and setting a course for a future characterised by inclusive growth, economic resilience, and shared prosperity.”
