The 26th Nigerian Economic Summit (NES #26) will convene national and global policy makers,
business leaders, development partners and scholars to lead and participate in sessions that
will focus on building strategic partnerships and cooperation between governments,
businesses and the civil society for resilience.
These in-person and virtual dialogues will:
Reflect on the state of the economy, rethink our
economic fundamentals, and
the impact of the global pandemic.
Highlight the role of Nigeria’s sub-nationals as
frontiers for national
Explore emerging trends in the horizon that will enable
Nigeria to capitalize on
Agree on a compact with clear and decisive actions that
commits stakeholders to
and build resilience for Nigeria’s households, businesses, and economy by ensuring
Nigeria meets the SDGs by 2030.
Panelists: ▪ HE Dr. Kayode Fayemi; Governor of Ekiti State ▪ HE Aminu Waziri Tambuwal; Governor of Sokoto State ▪ Ms. Funke Opeke; CEO, MainOne ▪ Mr. Abdulsamad Rabiu; CEO, BUA Group
At this defining moment in Nigeria’s 60-year history, the country must adopt a different approach to sustained economic growth and development. This will be anchored on a robust partnership between subnational governments and the private sector to capitalize on subnational factor endowments to achieve global competitiveness.
Moderator: Mr. Nneotabase Egbe; Anchor, Channels TV
Panelists: ▪ Mrs. Zainab Ahmed; Minister for Finance, Budget and National Planning ▪ Dr. Muhammad Sagagi; Vice Chairman, Presidential Economic Advisory Council ▪ Mr. Ousmane Diagana; Vice President (Western & Central Africa), World Bank ▪ HE Dapo Abiodun; Governor of Ogun State ▪ Ms. Owen Omogiafo; CEO, Trancorp Nigeria
Nigeria has been on a slow and fragile growth path and this will aggravate the economic impact of the COVID-19 pandemic such as lower government revenues as well as declining investment, consumption and exports that will lead to higher unemployment and poverty rates.
Moderator: Dr. Chukwuka Onyekwena; Executive Director, Centre for the Study of the Economies of Africa
Panelists: ▪ HE Engr. Dave Umahi; Governor of Ebonyi State ▪ Dr. Amy Jadesinmi; MD, LADOL ▪ Mr. Samaila Zubair; CEO, Africa Finance Corporation ▪ Mr. Thierry Déau; CEO, Meridiam
Nigeria has a wide and growing deficit in physical infrastructure especially power and transportation. The COVID-19 pandemic exposed the long-term effect of this underinvestment and there is a presumption that the current situation will make it worse. But this is the time to scale up investments in critical infrastructure.
Panelists: HE Mallam Nasir El-Rufai; Governor of Kaduna State ▪ Mr. Larry Hogan; Governor of Maryland (USA) ▪ Ms. Juliet Ehimuan-Chiazor; Nigeria Country Manager, Google ▪ Dr. Yemi Kale; DG, Statistician-General of the Federation
The unavailability and inaccessibility of data for key decision-making by national and subnational governments as well as businesses have trammeled the overall growth of the economy. This absence of data-driven planning and KPI-driven execution has a direct impact on low levels of economic performance and FDI.
Moderator: Mr. Bayo Adekanmbi; Chief Transformation Officer; MTN Nigeria
Panelists: ▪ Mr. Foluso Phillips; Chairman, Phillips Consulting ▪ Mr. Allen Onyema, CEO, Air Peace ▪ Ms. Affiong Williams; CEO, Reel Fruits ▪ Mr. Carl Cruz; MD, Unilever Nigeria
Insights: Prof. Michael Porter; Director, Institute for Strategy & Competitiveness, Harvard Business School
The impact of the pandemic on Nigeria’s growth sectors has exposed the fragility of the business environment and our companies. Firms must now become truly agile and business leaders must adapt strategies, plans and operations faster than their peers to capture new opportunities more effectively and react to an increasingly changing environment faster.
Moderator: Ms. Linda Quaynor; West Africa Strategy and Operations Leader, Deloitte
Panelists: ▪ Dr. Omobola Johnson; Senior Partner, TLcom Capital ▪ Mr. Anthony Oputa; Regional Managing Partner (West Africa), Ernst & Young ▪ Mrs. Clare Omatseye; CEO, JNC International Limited ▪ Mr. Nasir Yammama; CEO, Verdant
The COVID-19 disruptions have created demand and supply shocks in the global system while unlocking new opportunities for growth. Nigeria’s businesses must be pragmatic in capitalizing on these new growth drivers and intentional about nurturing them as new frontiers and making the right investments with the appropriate policy environments and incentives.
Moderator: Ms. Chinwe Egwim; Senior Economist, FBN Quest Merchant Bank
Panelists: ▪ Mr. Jordi Borrut Bel; CEO, Nigerian Breweries PLC ▪ Ms. Tomi Somefun; CEO, Unity Bank PLC ▪ Ms. Winifred Isichei; CEO, Bonita Foods Limited ▪ Alhaji Ahmed Rufa’i Mohammed; CEO, Northbridge Investment and Trust Limited
Insights: Mr. Uyi Akpata; Regional Senior Partner (West Market Area), PwC Nigeria
A survey by PWC reveals that liquidity concerns rank the highest amongst the list of business concerns related to the impact of COVID-19. CEOs must address liquidity challenges by reviewing investment decisions; forecasting and managing cash flows; analyze risks; predicting inventory needs; realign supply chains; and manage business profitability.
Moderator: Ms. Ngover Ihyembe-Nwankwo; Head of Corporate Banking, Rand Merchant Bank
Panelists: ▪ Mr. Mukul Mathur; Country Head, Olam Nigeria ▪ Mr. Emeka Okoli; Chairman, Emzor Pharmaceuticals ▪ Ms. Onyeche Tifase; CEO, Siemens Nigeria ▪ Ms. Nere Teriba; CEO, Kian Smith Refinery
Insights: Prof. Enase Okenedo; Dean, Lagos Business School
Research and development is a driving force in spurring long-term sustainable economic goals through the creation of new technologies, products, services, and systems. The Federal Government is recalibrating its approach through a partnership with the private sector and academia. Businesses must now respond by scaling up their investments in research & development.
Moderator: Mr. Tope Toogun; CEO, Cognity Advisory Limited
Panelists: ▪ HE Udom Emmanuel; Governor of Akwa Ibom State ▪ Prince Clem Agba; Minister of State for Budget and National Planning ▪ Senator Solomon Adeola; Chairman, Senate Committee on Finance ▪ Honourable James Faleke; Chairman, House of Representatives Committee on Finanace ▪ Ms. Jesmine Rahman; Resident Representative for Nigeria, International Monetary Fund ▪ Mr. Suleyman Ndanusa; Chairman, DANE Investments
Nigeria’s national and subnational governments have been facing fiscal challenges even before the pandemic due to overreliance on revenue from crude oil exports. With growing concerns about population growth rate, deepening poverty, infrastructure deficit, rising unemployment, and insecurity, urgent structural change is needed in the fiscal configuration of the country.
Moderator: Mr. Taiwo Oyedele; Fiscal Policy Partner & West Africa Tax Lead, PWC Nigeria