By Tony Obiechina, Abuja
The Minister of State, Budget and National Planning, Prince Clem Ikanade Agba said the Federal government was implementing key recommendations from the Nigerian Economic Summit Group (NESG) in order to build a robust economy.
The minister stated this on Wednesday in Abuja at a world press conference ahead of the 27th Nigeria Economic Summit tagged “Securing the Future: The Fierce Urgency of Now.”
Commenting on the theme of the Summit, Agba said the conference was taking place at a time that required stakeholders from both public and private sectors to come together to build economic prosperity.
His words: “It is pertinent to say the recommendations of 26th edition of the Nigeria Economic Summit have been forwarded to Federal Executive Council and subsequently to Ministries, Department and Agencies of government for full implementation.
“Also, key recommendations from the summit formed a large part of our national development plan.
“The theme of the Summit for this year is crucial as it seeks to explore potential opportunities in the economy under its sub-themes which include, high and sustained growth, political economy, digital transformation, and quality of life, among others.”
Speaking further, the minister stated that some of the policies to grow the economy were directed towards investment in critical infrastructure such as rail, communication and digital technology of which the result was evident in the recent GDP growth.
On the need for synergy between public and private sectors, Agba added that “Government recognizes the position of the private sector, which is why the national development planning committee is being headed by Mr Atedo Peterside.”
He said the coming summit which will hold from the 25th through 26th October would serve as an avenue to discuss solutions to the challenges facing critical sectors of the economy.
Earlier in his remarks, the Chairman of the Nigerian Economic Summit Group (NESG), Mr Asue Ighodalo said the rationale behind selecting this year’s theme was to draw the attention of all and sundry on the need to address critical problems bedeviling the country.
According to him: “We are in difficult times, and there is an urgent need to take decisive action in securing our future. This is why we will converge stakeholders in this year’s event who will participate in 28 Sessions under 5 plenaries.
“The Covid-19 pandemic has dealt a blow to the economy coupled with worsening insecurity, weak exchange rate unemployment among others and there is no other time to have discussions and act on them other than now.”
Mr Ighodalo commended the federal government for taking cognizance of key recommendations from the previous summit especially in the area of infrastructure by increasing capital expenditure to 18% .
He called for replication of such actions in healthcare, education, digitalization and the MSME Sector.