Brief: 26th Nigerian Economic Summit

By November 26, 2020 NEWS

The 26th Nigerian Economic Summit (NES) with the theme: ‘Building Partnerships for Resilience’ commenced on Monday 23 November 2020 virtually and physically at Transcorp Hilton Hotel.

In his welcome address, the Chairman of the NESG, Mr Asue Ighodalo informed the participants that this year’s event focuses on building partnerships for resilience of Nigeria’s households, businesses and the general economy. This became important due to the pandemic and it’s far reaching health and economic consequences; the restiveness of our huge youth population; a population growth rate that exceeds our rate of economic growth and development; the high rate of unemployment and underemployment as well as the resultant high levels of poverty in our economy.

The Vice President Yemi Osinbajo, GCON delivered the opening remark on behalf of President Muhammadu Buhari, GCFR at the event. The President remarked that the theme of the summit is apt as one of the lessons from COVID-19 pandemic is that partnerships are essential for credible responses with lasting effect. He stated that both public and private sector must work together to transform the economy and build a fair and just society.

The Executive Secretary/CEO of NIPC, Ms Yewande Sadiku was also one of the resource persons at the NESG Session on; ‘Attracting Foreign Investments.’ She said that Nigeria has improved materially in the Ease of Doing Business ranking in the last five years. She informed that government is expected to do more by institutionalizing the economic reform process.

The ES/CEO of NIPC informed the audience that in order to drive greater attention to subnational investment opportunities in Nigeria, NIPC had developed the Book of States. The document contained summaries of critical information about 36 States and FCT, which are needed and useful for investment promotion and facilitation. She said Commission is currently working with States to identify networth individual to invest in identified / profiled investment opportunities that abound across the States.

Source: NIPC