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NSE-Bloomberg CEO Roundtable: Salami calls for sustainable, sustained and inclusive economic growth

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Friday, June 22, 2017 7.00pm/Proshare WebTV

Notable Nigerian economist Dr. Doyin Salami has called on economic policy makers in the country to focus on growth that is sustainable, sustained and inclusive. 

He said this at the 2017 Nigeria stock exchange/ Bloomberg CEO Roundtable focusing on “Innovating out of Nigeria’s recession: Exploring new paradigms for Nigeria’s economic growth”. 

Dr Salami noted the trends of Nigeria’s growth which is easing out of the recession, but raised the fundamental concern that “Growing out of recession is one thing, but growing inclusively is vital for Nigeria's economy”. 

The Lagos Business School lecturer urged policy makers to restore confidence in their words and actions. He stressed the need for coordination and clarity in policy statements in the country. 

Salami identified Nigeria’s major economic challenge as unemployment and productivity, which will require the government to create an enabling environment for the private sector to participate actively, thereby creating jobs. 

Assessing the Nigerian economy, he said “ defining the role of Private Capital and its protection, will be key to Nigeria's economic recovery, considering the need to attract private investments to drive the economy”. 

Keynote speaker at the roundtable and Finance Minister Mrs. Kemi Adeosun shared the growth narrative and strategy of the government for Nigeria’s economy. 

She affirmed that through the Economic Recovery and Growth Plan (ERGP), the government was committed to steering Nigeria from the current recession,and leading it to the path of growth. 

Speaking further the Minister said the area of focus will be providing enabling infrastructure, promoting an effective public-private partnership model and driving robust revenue generation. 

On the public-private partnership Adeosun assured stakeholders that the framework will be reworked and the outstanding legacy issues will be resolved to attract private capital into the economy. 

In his opening remarks the CEO of the Nigeria stock exchange Mr Oscar Onyema described the NSE+Bloomberg CEO Roundtable as an opportunity for stakeholders to engage, discuss and proffer solutions to critical issues in the Nigerian economic space. 

The event also featured a panel session with Mr Andrew Alli CEO, Africa Finance Corporation, Ms Funke Opeke CEO MainOne, Mr Demola Sogunle CEO Stanbic IBTC, Dr Graham Hefer MD, Okomu Oil Palm, Ms Ngozi Adebiyi CEO Outsidein HR and Mr Mark Bohlund Senior Economist Africa/Middleast Bloomberg Intelligence as discussants. 
 

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