Posted Mon, Sep 4, 2023 3:16 PM
NESG Meets President Tinubu, Discuss Economic Reforms and 29th Nigerian Economic Summit
L-R Chairman Board of Directors of the Nigerian Economic Summit (NESG), Mr Niyi Yusuf and President of the Federal Republic of Nigeria, Bola Tinubu GCFR discuss economic matters and the upcoming 29th Nigerian Economic Summit (NES#29) at the State House Abuja on Thursday… Picture Credit: NESG
On Thursday, 31st of August, 2023 the Board of directors of the Nigerian Economic Summit Group (NESG) led by the Chairman, Mr Niyi Yusuf met with the President of the Federal Republic of Nigeria, Bola Tinubu GCFR at the state house Abuja to discuss economic reforms and ease of doing business in Nigeria.
While speaking to the audience, President Tinubu reiterated his unequivocal resolve to fully implement the eight priority reform areas under the Renewed Hope Agenda within the next three years. The President emphasized that Nigeria is blessed with rich human and natural resources, in addition to deficit opportunities, which can quickly be leveraged into new prosperity, calling for the urgent exploitation of Nigeria's diversity for collective gain, with an eye on new think tanks in the agricultural sector and the establishment of a commodity exchange.
"We have gone through the past. I will not look back. The focus of my horse and my race remains forward-looking. We have an abundance of knowledge and untapped mineral resources and an agricultural sector that is God-given, but we tend to shy away from taking those gigantic steps that will result in prosperity for our people. We are not exploiting our diversity for prosperity. We are at each other’s throats, arguing about unnecessary things, instead of thinking and doing for our people," the President said.
The President noted that he was elected on a "no excuses" platform for renewed hope and that he would not accept excuses from anyone in his government as they set out to deliver on his agenda.
"Looking backwards is retrogressive for any reformer. Looking forward, I can give you the leaps that will propel you in the right direction. We need think tanks in the agricultural sector. I don’t see why Nigeria will be so blessed with good soil and not have a commodity exchange. I don’t see why we have not been able to interrogate our real estate sector and propel it. I don’t see why we have not used consumer credit to build the purchasing power of our people and the capacity of our very own manufacturing sector," the President assessed.
While commending the NESG for believing in the reforms of his administration, the President said the "bitter pill" must be administered to an ailing nation and economy to build a better future for the country.
"I am here, and I believe we can do it together. No single person succeeds alone. The world is dynamic. We are confronted with climate change and other challenges, but somewhere in the eye of the storm, there is a quiet and peaceful corner for those who can toil well. With patience and determination, we will succeed," the President assured.
The Chairman of the NESG, Mr. Olaniyi Yusuf welcomed the economic reforms announced by the Tinubu administration, specifically with respect to fuel subsidy removal, foreign exchange rate harmonization, food security, and palliatives of sub-national governments.
The NESG Chairman pledged that the NESG would work with the newly inaugurated cabinet to achieve the eight-point agenda of the administration.
"Your track record in the effective implementation of bold economic reforms as the Governor of Lagos leaves those of us in the private sector without doubt that you will achieve much greater feats as our nation's president," the NESG Chairman confided.
He used the occasion of the visit to formally request the President to declare open the29th Nigerian Economic Summit (NES#29) scheduled to hold on October 23rd and 24th 2023 at the Transcorp Hilton Hotel, Abuja, as well as to direct Heads of Ministries, Departments and Agencies (MDAs) to partner with them and participate fully at the Summit as part of efforts to ramp up local and foreign direct investment in Nigeria