NESG Seeks A Comprehensive Economic Overhaul
The Nigerian Economic Summit Group (NESG) has disclosed that the country requires a transformational shift from a dependent economy to a diversified one, focusing on innovative sources of revenue and job creation.
Also, the group worried over the current high macroeconomic volatility and instability, noting the need for a recalibration of economic strategies to ensure inclusive growth and sustainable development.
This was disclosed yesterday at the launch of the 30th Nigerian Economic Summit (NES @30) logo and a public lecture/founders’ forum held at the Lagos Business School.
The event’s theme was ‘In the National Interest: Reflecting on the Past, Reimagining the Future’.
A comprehensive overview of Nigeria’s economic trajectory from the tumultuous era of 1993 to its current state was presented by the Chief Executive Officer of the NESG, Dr Tayo Aduloju.
He stated that the growth achieved has been broadly characterised as un-inclusive, failing to create substantial jobs or equitable opportunities across the board.
According to him, “The challenge at our 30th anniversary now is how to drive the country forward in such a way that it’s not just about growth but about creating jobs and opportunities for everyone, ensuring no one is left behind."
Aduloju further explained the importance of resilience in holding governments accountable, insisting on a law-abiding, business-friendly environment, and fostering an economy that works for all Nigerians.
He concluded by saying, “Our resilience to keep insisting that there must be an economy that works for all Nigerians, to keep insisting on the rule of law, governance, and the national interest, is something that we must continue to fight for because it’s what every Nigerian deserves."
Similarly, the Lagos State Governor, Babajide Sanwo-Olu, urged the NESG to intensify efforts in facilitating economic dialogues aimed at fostering legislative and policy reforms across both the private and public sectors for economic development.