Stakeholders are tasked by NESG to mobilize resources for economic recovery.

The Nigerian Economic Summit Group (NESG) has called upon stakeholders to utilize current resources as a means to facilitate the process of revitalizing Nigeria's economy. 

The Think Tank is organizing its 29th economic summit (NES 29) from 23 – 24 October 2023. The summit will focus on a sub-theme that emphasizes the potential for Nigeria to enhance its domestic and global competitiveness through resource optimization, innovation adoption, and skill development.

 

Dr. Olusegun Omisakin, the Director of Research at the Nigerian Economic Summit Group (NESG), underscored the pressing need to attract both domestic and foreign investments into all sectors of the economy, with particular emphasis on infrastructure, education, and healthcare. The speaker elucidated that this particular approach will not alone incite economic growth, but also engender job prospects and foster sustainable development. 

As per the assertions made by Dr. Omisakin, the implementation of a strategic approach to expanding trade in non-oil sectors, with a specific emphasis on promoting exports, holds the potential to enhance Nigeria's economic complexity at the international level. This diversification of external revenue sources would therefore lower the country's dependence on the oil and gas industry.

Furthermore, it would utilize the capabilities of the African Continental Free Trade Agreement (AfCFTA), enhance resilience in the face of external disturbances, and establish a more fair, comprehensive, and environmentally conscious economy that advantages the entirety of the Nigerian population. 

The NESG has just declared that its 29th summit would focus on the theme of "Pathways for Sustainable Economic Transformation and Inclusion." This decision was made in recognition of the pressing need to effectively convert economic growth into enhanced and enduring living conditions for the whole population.  

The chosen theme for this year's summit alludes to Nigeria's capacity for achieving sustainable development by utilizing innovative policies, strong institutions, strategic investments in infrastructure, and the development of human capital.