NESG to hold 30th summit October 14-16, says it’ll foster industrial growth

The Nigerian Economic Summit Group (NESG) says it will hold the group’s 30th Nigerian Economic Summit (NES #30) from October 14 to 16.

In a statement on Saturday, the group said the event is themed “Collaborative Action for Growth, Competitiveness, and Stability”.

NESG said the summit will focus on creating actionable strategies to tackle issues of stability, economic growth, and inclusivity in Nigeria.

“This theme encapsulates the essence of what is needed to propel Nigeria, and indeed Africa, towards a more prosperous, inclusive, and resilient economic future,” the group said.

The group said the forum’s discussions and outcomes will be important in shaping policies and strategies that harness Nigeria’s potential to drive continental transformation.

AIM OF SUMMIT 

NESG said the summit aims to leverage Nigeria’s significant role to drive Africa’s transformation and propel meaningful deliberations.

Also, the conference, according to NESG, seeks to strengthen institutions to support economic activities and governance, attract and manage investments to drive development and enhance regional integration to harness collective strengths.

The summit also intends to promote industrial growth to diversify the economy and foster innovation to maintain competitiveness in the global market. 

According to NESG, the forum will also harness diverse perspectives and collective expertise to address common challenges, create shared opportunities, and ensure sustainable economic progress for all Africans.

‘NIGERIA’S ECONOMIC PERFORMANCE HAS GREAT IMPACT ON AFRICA’ 

NESG said Nigeria’s economic performance has a profound impact on the broader African region due to its size, influence, and interconnectedness. 

“The country’s large domestic market, abundant natural resources, and significant corporate footprints make it a key player in the continent’s economic dynamics.,” the group said.

“As the most populous country in Africa, Nigeria’s economic health influences consumption, investment, and trade patterns across the region.”

NESG said Nigeria’s vast population presents immense opportunities for businesses, driving regional consumption and investment. 

Also, the group said as one of Africa’s largest oil producers, fluctuations in Nigeria’s oil sector significantly impact the continent’s economic performance.

“Regional Trade and Investment: Nigeria’s economic strength influences its trade and investment relationships, shaping regional trade dynamics,” NESG said.

“Remittances: Nigerian remittances support economic activities in other African countries, fostering cross-border economic ties.”

Speaking on corporate footprints, NESG said Nigerian companies’ expansions into various African sectors drive regional industrial growth and economic diversification.