Abuja, Sept. 11, 2023: The Nigerian Economic Summit Group (NESG) has anchored its 29th summit (NESG 29) on pathways for sustainable economic transformation and inclusion.<\/p>\n\n\n\n
Mr Yinka Iyinolakan, Head, Strategic Communications and Advocacy, NESG, in a statement on Sunday in Abuja, said the summit, scheduled for Oct. 23 to 24, will enhance the economic agenda setting of the government.<\/p>\n\n\n\n
He said this was in line with the governments\u2019 urgency of translating economic growth into improved and sustainable living standards for all citizens.<\/p>\n\n\n\n
\u201d This year\u2019s summit theme hints at Nigeria\u2019s potential for sustainable development, leveraging innovative policies, robust institutions, strategic infrastructural investments, and human capital development,\u201d he said.<\/p>\n\n\n\n
He noted the current challenges of unemployment, income disparity, and multidimensional poverty, adding that the summit would enable stakeholders\u2019 strategies on transforming the nation\u2019s economy.<\/p>\n\n\n\n
\u201cThese challenges are worsened by an uneven allocation of resources, macroeconomic instability, and institutional deficiencies.<\/p>\n\n\n\n
\u201d Data from the National Bureau of Statistics (NBS) in 2022 revealed that approximately 62.9% of the population live in multidimensional poverty, threatening the development of a vibrant middle class.<\/p>\n\n\n\n
\u201d With population growth outpacing poverty reduction, Nigeria\u2019s current trajectory highlights the critical need to prioritise long-term development and shared prosperity,\u201d he said.<\/p>\n\n\n\n
Iyinolakan, however, expressed optimism that the current administration\u2019s 8-point agenda with reference to the World Bank\u2019s forecast of an average annual economic growth rate of 2.9 per cent for the country between 2023 and 2025 will impact positively in the country.<\/p>\n\n\n\n
He said: \u201cTechnological advancements and their increasing adoption offer glimpses of what can be achieved with the proper mechanisms.<\/p>\n\n\n\n
\u201d The change in political leadership also brings the opportunity for fresh ideas and the rectification of economic policies that have weakened the fiscal system.\u201d<\/p>\n\n\n\n
He, therefore, advocated constructive dialogue that incorporated the ideas of stakeholders to achieve sustainable economic development.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Abuja, Sept. 11, 2023: The Nigerian Economic Summit Group (NESG) has anchored its 29th summit (NESG 29) on pathways for sustainable economic transformation and inclusion. Mr Yinka Iyinolakan, Head, Strategic Communications and Advocacy, NESG, in a statement on Sunday in Abuja, said the summit, scheduled for Oct. 23 to 24, will enhance the economic agenda […]<\/p>\n","protected":false},"author":2,"featured_media":32316,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[350],"class_list":["post-52814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-nesg","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n