The Nigerian Economic Summit Group (NESG) has said that it will hold a national economic dialogue to address the critical challenges facing Nigeria’s economy.
The event, which is expected to set the tone for discussions at the 30th Nigerian Economic Summit (NES#30), is scheduled to be held in October, 2024, with the theme: “Nigeria’s Economic Future: 25 Years of Democracy and Beyond”, and it’s scheduled to be held in Abuja.
Ayanyinka Ayanlowo, acting spokesman of NESG, said that since the transition to democratic governance in 1999 Nigeria had made significant strides in political inclusivity and the establishment of democratic institutions.
He, however, stated that the advancements and the expected economic progress had been hindered by policy inconsistencies and governance challenges.
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He said, “Various economic development programmes such as the National Economic Empowerment and Development Strategy (NEEDS) and the Economic Recovery and Growth Plan (ERGP) have been introduced, yet sustainable development remains elusive.
“Given Nigeria’s persistent economic challenges, there is an urgent need to develop a comprehensive plan to steer the country towards sustainable economic development.
“The National Economic Dialogue aims to harness the strengths of Nigeria’s democratic framework to foster sustainable economic growth by analysing the economic trajectory since 1999, exploring policy consistency and learning from successful models like the Asians and provide actionable recommendations for a prosperous future.”
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