The 31st Nigerian Economic Summit (NES#31) kicked off in Abuja, bringing together top government officials, industry leaders, and stakeholders to discuss the country’s economic future.
Vice President Kashim Shettima, Minister of Finance Wale Edun, and Minister of Budget and Planning Atiku Bagudu were among the dignitaries in attendance.e
Key Takeaways from the Summit
- The summit’s theme, “The Reform Imperative: Building a Prosperous and Inclusive Nigeria by 2030,” highlights the need for bold reforms to drive economic growth and development.
- NESG Chairman Olaniyi Yusuf emphasized the importance of consolidating ongoing economic reforms and accelerating inclusive growth.
- The summit focuses on five core sub-themes:
- Driving Industrialisation-led Growth: transforming Nigeria’s natural endowments into national competitive advantages through value chain development and SME integration.
- Building Infrastructure for Competitiveness: accelerating infrastructure investment to enhance productivity and regional trade.
- Advancing Inclusion for Shared Growth: prioritizing economic access for women, youth, and underserved populations.
- Strengthening Institutions for Sustainable Impact: addressing governance, accountability, and public sector efficiency.
- Unlocking Investment amid Global Trade Shifts: positioning Nigeria to benefit from the African Continental Free Trade Area (AfCFTA) and evolving global value chains.
Expert Insights
Dr. Tayo Aduloju, CEO of NESG, stressed that Nigeria’s economic growth must go beyond GDP figures to encompass diversification, technological advancement, and human competitiveness. He emphasized the need for a friendly business environment, institutional capacity, and policy predictability to attract and retain investments.
