The Nigerian Economic Summit Group (NESG) has officially announced the 30th edition of the Nigerian Economic Summit, scheduled to take place from October 14 to 16, 2024, at the Transcorp Hilton Hotel in Abuja. This year’s summit, themed “Collaborative Action for Growth, Competitiveness, and Stability,” aims to address Nigeria’s pressing socioeconomic challenges through comprehensive dialogue between the public and private sectors.
In a statement released on Saturday, Ms. Ayanyinka Ayanlowo, the Acting Head of Strategic Communication and Advocacy at NESG, highlighted the critical importance of this year’s summit. “The theme encapsulates the essence of what is needed to propel Nigeria towards a more prosperous, inclusive, and resilient future,” Ayanlowo remarked.
She also noted that the 30th summit represents a significant milestone for the NESG, reflecting its long-standing commitment to Nigeria’s economic transformation. “The Nigerian Economic Summit has been instrumental in transitioning Nigeria from a state-led economy to a more dynamic, private-sector-driven one. This summit will continue to build on that legacy, facilitating discussions that will influence the nation’s policies and strategies,” she added.
Fostering Collaboration for Economic Stability
One of the core objectives of the upcoming summit is to foster collaboration across government agencies, businesses, civil society, and international partners to address Nigeria’s socioeconomic challenges. According to the statement, the collaboration is crucial to ensuring a stable environment that is conducive to economic growth and investment.
“We need collective action now more than ever. Stability cannot be achieved by one sector alone; it requires synergy across all stakeholders,” the NESG emphasized, underlining the importance of multi-stakeholder participation in tackling Nigeria’s economic hurdles.
Nigeria’s Role in Africa’s Economic Landscape
The NESG also reiterated Nigeria’s pivotal role in shaping Africa’s broader economic landscape. With its large domestic market, rich natural resources, and corporate influence across the continent, Nigeria’s economic performance directly impacts regional dynamics.
“Nigeria is not just an economic powerhouse for itself but for the whole of Africa. The strategies and outcomes from this summit will have a far-reaching impact, not only within Nigeria but across Africa as a whole,” Ayanlowo stated.
Focus on Inclusive Growth and Competitiveness
In addition to fostering stability and growth, the summit will prioritize promoting inclusive growth to ensure no segment of society is left behind. NES #30 will feature discussions on job creation, entrepreneurship, and innovative solutions to drive competitiveness.
“We must ensure that growth reaches all Nigerians, from the most urban to the most rural areas. This summit is not just about policy but about tangible actions that can uplift everyone,” the statement read.
Over the years, the Nigerian Economic Summit has played a key role in driving reforms in various sectors, including banking, telecommunications, and energy. The NESG aims to build on these successes at this year’s summit by mapping out a clear path toward a more integrated and prosperous Nigeria.
Ayanlowo concluded by highlighting the long-term significance of the summit’s outcomes. “The deliberations from NES #30 will be crucial in formulating policies that harness Nigeria’s potential to drive the transformation of the continent. We are looking forward to productive discussions that will yield concrete results.”
As Nigeria prepares for the 30th Nigerian Economic Summit, expectations are high that this gathering will lead to actionable strategies that promote stability, competitiveness, and inclusive growth.
