#NES25: Buhari Assures Private Sector Of Continuous Collaboration To Drive Inclusive Growth


Tuesday, October 08, 2019 /08:47 AM / Ottoabasi Abasiekong for Proshare WebTV  /Header Image Credit: @FinMinNigeria

President Muhammadu Buhari has assured the Nigerian private sector of continuous collaboration to guarantee inclusive industrial growth.

The President was the Special Guest of honour at the 25th edition of the Nigeria Economic Summit In Abuja, which focused on the theme "Nigeria In 2050: Shifting Gears".

He called for innovative and productive economic proposals from the summit, centred on "Made- in- Nigeria" solutions that address the nation's unique economic challenges.

According to the President, the year 2050 will be critical for the country, as studies reveal that the population will hit a projected estimate of 400m.

The President said the current economic policies of his administration, has been focused on uplifting the poor and disadvantaged in the country, and encourage inclusivity. 

In her remarks the Finance, Budget and National Planning Minister, Mrs Zainab Ahmed, said the Nigeria Economic Summit was a testament to a successful partnership between the public and private sectors.

She said that the theme of the summit brought to the fore the need for radical shifts in public finances, which include issues like taxation. 

To attain sustainable and inclusive economic growth, the Minister asserted that there must be sacrifices on the part of the citizens, government and the private sector.

Speaking further she said the output of the summit would be very critical to the nation, and raised the following questions;

  • How Can Nigeria Sustainably Finance The Future
  • What Roles Should Sub-National Governments play in doing basic service delivery
  • How should Nigeria shift gears to leapfrog into a globally competitive community?

Mrs Ahmed informed the summit that the government was committed to addressing critical issues in the country like energy sufficiency, transportation and Industrialization with emphasis on MSME development.

In his welcome statement the Chairman of the NESG Mr. Asue Ighodalo commended the efforts of the current and previous governments in engaging the private sector, through constructive dialogue on key policy issues concerning the nation.

Mr Ighodalo stressed that it was only a private sector-led economy, that can consistently assure the country of inclusive growth.

Also highlighting population growth concerns in the country, Ighodalo made a strong case for a reset of the economic model to address productivity and growth beyond revenue. 

"We need to confront our realities and drive a National Agenda that achieves double-digit growth over the next 3 decades" He said. 

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