The 21st Nigerian Economic Summit

Insight

Introduction: The last two annual summits of the Nigerian Economic Summit Group (NESG) focused on specific sectors in line with a strategic realignment of the group to approach Nigeria’s economic development through the identification of sectors that can help diversify the economy rapidly.

However recent plummeting of crude oil prices on the global scene and the attendant effects on the general economy (significant reduction in government revenues, capital outflows, exchange rate shocks etc) coupled with the current transition in government makes it imperative for the group to redirect energies into an agenda setting framework that is aimed at achieving economic stability in the nation.

Structure: The Summit will present opportunity to engage with the new administration and to highlight priority issues upon which it should focus. In order to do this, the summit will be structured upon four pillars namely:

Macroeconomic stability & growth: Fiscal Policy, Monetary Policy and Framework for response to External and Domestic Shocks.
Structural reforms: Energy, oil and gas, infrastructure and governance
Competitiveness: Commercial and trade policies, tariff structures, ICT and human capital development
Sustainability: Adapting businesses to climate change and its impact on livelihoods

 

Objective
The objectives of this Summit would be to facilitate stakeholders’ discussions/agreements about how best to achieve competitiveness and inclusive growth in a sustainable way, through measurable outcomes as well as to push for permanent structural changes that would allow inclusive growth. Key outcomes will include specific recommendations on how to create jobs; dismantle the pillars of corruption; establish and build upon pillars of sustainable growth and development [Macro-economic stability and growth (fiscal and monetary policy reforms, restructure Federal Government revenues, etc), SME growth (reforms to improve funding mechanisms and further diversify the economy), Institutional reforms (accountability, ICT, etc), Competitiveness (infrastructure, policy bottlenecks, human development, etc)] and align our home-grown long-term development agenda with the UN Sustainable Development Goals, that will take effect from January 2016.

 

Schedule

The summit, organised in partnership with the National Planning Commission (NPC) is scheduled to take place from October 13th to 15th, 2015 at the Transcorp Hilton Hotel, Abuja.

 

DAY 1: TUESDAY OCTOBER 13 2015
PLENARY I Presidential Policy Dialogue – Tackling Corruption, Insecurity and Economic Competitiveness
PLENARY II Creating and Sustaining Nigeria’s Competitive Advantage
PLENARY III Business and Sustainability in the Age of SDGs

 

DAY 2: WEDNESDAY OCTOBER 14 2015
PLENARY IV Roundtable with the Vice President- Reforming Public Institutions to Ensure Competitiveness and Accountability
PLENARY V Roundtable with the National Assembly -Setting A Legislative Framework For High-Performance Economy
PARALLEL BREAKOUT SESSIONS Sub-National Competitiveness Towards Economic Growth: A Conversation With State Governors.
SIX PARALLEL BREAKOUT SESSIONS ACCORDING TO GEO-POLITICAL ZONES
PARALLEL DESIGN WORKSHOPS Design Workshop I:
Reinventing Public Institutions
Design Workshop II:
Legislative Effectiveness
Design Workshop IV:
Making Small and Medium Businesses Thrive
Design Workshop V:
Reaching The Bottom Of The Pyramid: Social Inclusion Agenda
Design Workshop VI:
Mapping Skills and Innovation to boost Productivity
PARALLEL BREAKOUT SESSIONS (POLICY COMMISSIONS) Breakout I: Agriculture and Food Security Policy Commission.
Theme: Policies & Incentives for Developing the Food and Agribusiness Industry in Nigeria, to become Nigeria’s Job Creation Engine
Breakout II: Energy Policy Commission
ThemeThe Nigeria Energy Sector:  Plotting the Course for Competitiveness and Growth
Breakout III: Environmental and Sustainability Policy Commission
Breakout IV: Governance and  Institutions Policy Commission
Breakout V: Human Capital Development Policy Commission
Theme – Addressing Management and Governance in Nigeria’s social sector
Breakout VI: Infrastructure Policy Commission
Theme – Unlocking the Binding Constraints to Public-Private Partnership
Breakout VII: Real Sector Policy Commission
Theme – Achieving Competitiveness, Inclusive Growth, and Sustainability in Real Sector Development in Nigeria:  The Tough Choices in an Era of Change
Breakout VIII: Science and Technology Policy Commission
Theme – Building Domestic Competence and Capability in Science and Technology for Sustainable Global Competitiveness
Breakout IX: SME, Finance and Financial Markets Policy Commission
Breakout X: Trade, Investment and Competitiveness Policy Commission
Theme – Imperative Structural Reforms to Achieve Sustainable

 

DAY 3: THURSDAY OCTOBER 15 2015
PLENARY VI Feedback from Day 2 Parallel Breakout Sessions
PLENARY VII National Budget Framework to aid Competitiveness,
Inclusive Growth and Sustainability
PLENARY VIII Plenary VIII:
Sustainable Solutions for Peace and Threats to Human Security