Creation Of Robust Business Environment Panacea To Nigeria’s Economic Diversification-NESG

       Mohammed Shosanya

The Nigerian Economic Summit Group(NESG),has emphasized the need for creation of dynamic business environment, saying it is crucial for Nigeria’s economic diversification and resilience.

Ms.Ayanyinka Ayanlowo,Acting Head, Strategic Communication & Advocacy,

NESG,said this in a statement on Monday.

She explained that by reducing bureaucratic barriers, improving access to finance, and enhancing infrastructure, Nigeria and Africa can create a fertile ground for businesses to thrive.

The group noted that this approach will not only stimulate job creation and wealth generation but also attract foreign investments, boosting the continent’s global economic standing.

“Empowering businesses with the right tools and support will enable them to adapt to changing markets, drive technological advancements, and contribute significantly to inclusive economic development,” Ayanlowo said.

The group explained that unleasing business dynamism would form a key focus at the forthcoming 30th Nigerian Economic Summit (NES #30), adding that it stands out as a critical area of discussion during the Summit.

“As Nigeria gears up for the 30th Nigerian Economic Summit (NES #30), the focus on unleashing business dynamism, a sub-theme of NES#30 stands out as a critical area of discussion.

“This milestone event aims to create a more vibrant and resilient economic landscape by fostering innovation, entrepreneurship, and competition.

“By reducing bureaucratic barriers, improving access to finance, and enhancing infrastructure, Nigeria can provide a fertile ground for businesses to thrive, stimulating job creation and attracting foreign investments,” the statement explained.

It further said that the Summit slated for October 14th—16th at the Transcorp Hilton, Abuja,would engage stakeholders in critical discourse “to address current socio-economic 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.”

The Summit,according to NESG, 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.

“The Summit will emphasize 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.

“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 dynamic business environments, economic resilience, and shared prosperity,” the statement said.