NESG Hosts National Economic Dialogue 2024 on Strengthening Nigeria’s Economic Future
Oru Leonard
“A Beacon of Hope: NESG’s National Economic Dialogue Charts Nigeria’s Future”
In the heart of Abuja, the Nigerian Economic Summit Group (NESG) convened the National Economic Dialogue 2024, a pivotal gathering of minds to shape Nigeria’s economic destiny. The theme, “Nigeria’s Economic Future: 25 Years of Democracy and Beyond,” set the stage for a frank discussion on the country’s progress and prospects.
Senator Atiku Bagudu, Minister of Budget and Economic Planning, delivered a keynote address, acknowledging the challenges of the past 25 years while highlighting the Renewed Hope Agenda’s successes. “We’ve made significant strides, and our strategy is yielding positive results,” he assured the audience.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reflected on Nigeria’s democratic journey, stressing the importance of continued efforts to improve the nation’s economic stability. He noted that inflation has begun to decrease and that the government is committed to maintaining this trajectory, particularly focusing on reducing food inflation to make food more affordable for all Nigerians.
The Chief of Staff to the President, Femi Gbajabiamila, underscored the need for collective responsibility in shaping Nigeria’s future. He emphasized that while the government plays a crucial role, the future of the nation cannot be determined by the government alone.
NESG Chairman, Mr. Olaniyi Yusuf, provided a comprehensive overview of Nigeria’s progress over the past 25 years. He acknowledged the significant political, social, and economic transformations that have occurred, including advancements in telecommunications, agriculture, and services. However, he also highlighted the ongoing challenges that continue to hinder the country’s development.
“Our democracy has matured, and our economy has evolved, reflecting our collective efforts to diversify and create opportunities for millions of Nigerians. However, we must also recognize the challenges we still face, such as policy inconsistencies, governance deficits, and economic vulnerabilities. These issues have contributed to the rising cost of living and doing business, and they must be addressed for us to achieve sustainable growth,” Yusuf noted.
Yusuf emphasized the importance of collaboration across all sectors of society to address the complex challenges facing Nigeria. He called for a united effort to foster innovation, support entrepreneurship, and attract investment, stressing that these initiatives are crucial for building a prosperous socio-economic future.
Industry leaders, government officials, and stakeholders engaged in robust discussions, sharing insights and expertise to forge a united path forward. The dialogue fostered a sense of hope and collaboration, as Nigeria’s economic future was reimagined.
Through NESG’s National Economic Dialogue, a clear vision emerged: a Nigeria poised for growth, innovation, and prosperity. As the event concluded, attendees departed with renewed optimism, ready to contribute to the country’s economic transformation. The future looked brighter, with NESG’s dialogue illuminating the path forward.
Cover Photo Credit: L-R Managing Director, Sterling Bank Plc, Mr. Abubakar Suleiman; Deputy Director on Nigeria, MacArthur Foundation, Dr. Amina Salihu; Chairman of the AllProgressives Congress (APC), Abdullahi Umar Ganduje; Chairman of the Nigerian Economic Summit Group (NESG), Mr Niyi Yusuf; Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; Director, Legislative Mentorship Initiative (LMI), Ms. Solape Sonuga and Co-Chair of the National Advisory Council, NESG Faculty of Economists, Prof. Osita Ogbu at the NESG 2024 National Economic Dialogue on Wednesday in Abuja. Photo Credit: NESG.
