The 22nd Nigerian Economic Summit

This year’s summit tagged “Made in Nigeria” creates and embodies the imperative to commit to the structural and fiscal changes required to strengthen the Nigerian economy.

It starts with changing our orientation in consumption pattern by shifting our mindset and preferences for imported and foreign-made products to increased patronage for “Made-in-Nigeria” products. There are recognizable challenges in promoting made-in-Nigeria products, as many have complained about quality and value for money; but that is exactly the point.

NES #22 will provide a platform to sharpen the focus of the conversation and extract tangible commitments and outcomes.

The key thrust of NES#22 is to facilitate stakeholders’ discussions/agreements on the practical issues, opportunities that abound, policies and regulations needed to make “Made In Nigeria” a success in the Country.  It will also seek to work out smart strategies to achieve self-sufficiency and value-addition capacities for several products and services in the shortest possible span.

This year’s summit tagged “Made in Nigeria” creates and embodies the imperative to commit to the structural and fiscal changes required to strengthen the Nigerian economy.

It starts with changing our orientation in consumption pattern by shifting our mindset and preferences for imported and foreign-made products to increased patronage for “Made-in-Nigeria” products. There are recognizable challenges in promoting made-in-Nigeria products, as many have complained about quality and value for money; but that is exactly the point.

NES #22 will provide a platform to sharpen the focus of the conversation and extract tangible commitments and outcomes.

The key thrust of NES#22 is to facilitate stakeholders’ discussions/agreements on the practical issues, opportunities that abound, policies and regulations needed to make “Made In Nigeria” a success in the Country.  It will also seek to work out smart strategies to achieve self-sufficiency and value-addition capacities for several products and services in the shortest possible span.

This year’s summit tagged “Made in Nigeria” creates and embodies the imperative to commit to the structural and fiscal changes required to strengthen the Nigerian economy.

It starts with changing our orientation in consumption pattern by shifting our mindset and preferences for imported and foreign-made products to increased patronage for “Made-in-Nigeria” products. There are recognizable challenges in promoting made-in-Nigeria products, as many have complained about quality and value for money; but that is exactly the point.

The likely impact of these changes has been overstated because of misunderstandings about how the Charities Act framework operates. Once the changes take effect, we expect most disposals by registered charities that are also registered providers

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Summit Agenda

October 10th – 12th 2016Monday October 10th
President Muhammadu Buhari Declares NES #22 Open.

Vote of Thanks – Mr Laoye Jaiyeola; CEO, NESG. Tour of ‘Made-In-Nigeria’ Galleria

Time Session
7:00am – 9:30am Arrival and Registration of Delegates continues
10:00am – 10:05am Arrival of President Muhammadu Buhari/ National Anthem
10:05am – 10:15am Welcome Address – Mr. Kyari Bukar; Chairman, NESG
10:15am – 10:25am Opening Remarks – Senator Udoma Udo Udoma; Minister for Budget & National Planning
10:25am – 10:45am Keynote Presentation: State of the Nigerian Economy Dr Adedoyin Salami; Chairman, NESG Board Committee on Research and Publication
 10:45am – 11:00am President Muhammadu Buhari Declares NES #22 Open

Tour of ‘Made-In-Nigeria’ Galleria

National Anthem

 11:00am – 11:15am  Tea Break
 11:15am – 12:45pm Plenary I – Policy Dialogue on the Nigerian Economy
The Policy Dialogue on the Nigerian economy will provide an opportunity for managers of the economy to dialogue with Nigerians on policies and strategies required to spur recovery and growth in the short to medium term. Key themes will include: improving the state of the economy, reducing the cost of governance, entrenching the culture of “Made-In-Nigeria, improving the general security situation and imbedding accountability at all levels etc.Moderators

Zain Asher; Anchor, CNN International/Host, CNN Marketplace Africa

Kayode Akintemi; G.NEC Television Network

Chaired by His Excellency Prof. Yemi Osinbajo, Vice President of Nigeria

Supported by:

  • Senator Udoma Udo Udoma; Minster for Budget & National Planning
  • Mr. Okechukwu Enelamah; Minister for Industry, Trade & Investment
  • Chief Audu Ogbeh; Minister for Agriculture & Rural Development
  • H.E. Babatunde Fashola, SAN; Minister for Power, Works and Housing
  • H.E. Dr. Kaoyde Fayemi; Minister for Mines and Steel Development
12.45pm – 1:45pm Lunch
1:45pm – 3:15pm Plenary II – Breaking Through Macroeconomic Headwinds.
A stable macroeconomic environment promotes productivity. In addition, well-coordinated fiscal and monetary policies affect economic growth because it supports aggregate demand. Uncertainty about the economic outlook driven by volatility in inflation, interest rates, exchange rates and balance of payments disequilibrium can dramatically reduce investments. When inflation is high, future prices are less certain so returns are less predictable and this reduces the willingness to invest. On the other hand, doubts about the management of public finances may cause potential investors to prefer short-term investments to longer-term ones that would have higher returns and more impact on productivity growth. Nigeria can no longer sustain its economy with a heavy reliance on a single export commodity and heavy dependence on imported goods and services. Recent oil price crashes also means budget revenues will continue to be squeezed.The government needs to think through new consistent and proactive macroeconomic measures that will break through the current headwinds and support Made-In-Nigeria products and services in a sustained manner and transition Nigeria into a more modern economy.Moderator: Ms. Maggie Fick, West Africa Correspondent, Financial TimesPanellists

  • Mrs. Zainab Ahmed; Minister of State for Budget & National Planning
  • Professor Osita Ogbu, Director, Institute of Development Studies
  • Mr Acha Leke; Senior Partner, McKinsey & Company
  • Mrs. Peju Adebajo; MD, Geocycle and Project Management Office, Lafarge
  • Dr. Andrew Nevin, Chief Economist, PriceWaterhouseCoopers Nigeria
 3:15pm – 3:45pm  Short Break
3:45pm – 5:45pm Plenary III: Underpinning Made-In-Nigeria on Technology and Innovation.

It is critical for our national development that we utilize our many talented people to advance our indigenous technology agenda. Just as nations with large populations like India, it is important that we raise national consciousness of the cascading effect of indigenous technology development as well as the tremendous job creation opportunities it may enable.

There needs to be a viable enabling environment and platforms to not only stimulate but also encourage and support the development of local technology innovation. There would need to be a renewed focus to identify and incubate the best and most practical innovative ideas that can then be unleashed and utilized to not only create a technological base to drive Made-In-Nigeria but also make us a net exporter of technology to the world.

Introduced by Dr. Ogbonnaya Onu; Minister for Science & Technology

Moderator: Mr. Kingsley Osadolor; Anchor, Good Morning Nigeria, NTA

Panellists

  • H.E. Prof. Ben Ayade, Governor of Cross River State
  • Dr. Ernest Azudialu-Obiejesi, GMD/CEO, Obijackson Group
  • Mr. Ibrahim Boyi; CEO, Peugeot Automobile of Nigeria, Kaduna
  • Mr. Femi Oye; Founder, SMEFunds
  • Ms. Hauwa Yabani; CEO, Abuja Technology Village
  • Mr. Collins Onuegbu; CEO, Sasware Nigeria
7:30pm – 9:30pm Gala Dinner