By 2050, the United Nations estimates that Nigeria’s population will double. Combined with data which shows rising incidence of unemployment and underemployment, Nigeria may be faced with an unsustainable demographic growth made up of predominantly young unemployed/underemployed Nigerians. The counterfactual is also true that the dominant young working-age population on the continent will be resident in Nigeria making it possible for the development of human capital to translate into greater national productivity and growth. Consequently, the challenge of sustainable peace and security becomes more complex. Socio-economic growth is the bedrock of national development and insecurity erodes the confidence, peace and enabling environment that is critical to achieving real tangible and substantial economic growth and development. NES #25 will bring stakeholders in private sector, public sector, social sector, politics, civil society, academia, international organisations and diplomatic community together to create a unifying narrative for setting a long-term national agenda that will be led by the private sector.
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Chairman, Nigerian Economic Summit Group
Minister of Budget and National Planning
Nigeria’s market size positions the country to be a global player among the world’s economic giants, yet we continue to lag and presently do not rank among the top 20 economies on key indicators such as GDP, competitiveness and human development. In order to compete with the giants, we must achieve rapid industrialization with an education system that consistently equips citizens with industry-ready skills. How can we prioritize industrialization and education to become a dominant frontier economy that is able to compete with the giants in 2050? This session will set the tone for the Summit and examine all the dimensions related to the key imperatives for competing with the giants.
President/CEO, Dangote Group
Chairman, First Bank Limited
Founding Director, China Centre for Economic Research
Director, Communications & External Relations
President, Federal Republic of Nigeria
Nigeria’s economic prosperity depends largely on strategically identifying specific industries (and industry segments) with a competitive advantage to unleash economic opportunities and fast-track economic development that translates into productivity growth. This requires constant improvements and innovation in existing industries and the capacity to successfully compete in new ones taking into consideration our factor endowments to support those industries. Government policies will therefore be aimed at unlocking the binding constraints to the competitive growth of industry. The Industry Breakfast Meetings will generate meaningful debates and discussion on issues of importance to the industry in an interactive manner that engenders a series of compelling perspectives and sets the context to integrate various points of view during which all participants are encouraged to participate.
Session Partner: Sahel Consulting Limited
Session Partner: Deloitte Nigeria
Session Partner: Verraki Partners
Session Partner: KPMG Nigeria
Session Partner: Enterprise Development Centre [Pan African University, Lagos]
Session Partner: PWC Nigeria