The Joint Planning Committee (JPC) for the 30th Nigerian Economic Summit (NES #30) has been officially launched by the federal government.
Every year, the NES provides a vital forum for discussion between decision-makers in government, business, organized industry, civil society, and development partners.
By fostering relationships between the public and commercial sectors, this summit advances the nation’s overall economic development and growth.
Mobilizing pertinent public and commercial sector players, including as development partners, federal, state, and local governments, and other significant players, is the goal of NES #30.
Among other things, the JPC is expected to develop the “Green Book” for the NES #30 within three months of the summit’s end.
The Permanent Secretary, Mr. Nebolisa Anako, on behalf of Minister of Budget and Economic Planning, Senator Abubakar Bagudu, stressed the significance of previous summit outcomes in determining government policy during the inauguration.
He stated: “The key outcomes of the annual Summits have always played important roles in shaping the policies of Government. In particular, the Summit had in the past contributed to entrenching the culture of development planning in the country. Most recently the partnership helped in no small measure in the development of the National Development Plan (NDP), 2021-2025, the Nigeria Agenda 2050, and provided invaluable policy recommendations for the Government.”
It is anticipated that urgent economic issues facing Nigeria will be discussed at the summit. Omoboyede Olusanya, the vice chairman of the Nigerian Economic Summit Group (NESG) and head of the NES 30 Anniversary Committee, emphasized Nigeria’s dismal economic performance, which has resulted in subpar social outcomes and falling living standards. He pointed out that from USD 2,162.60 in 2022 to USD 1,645.76 in 2023, the per capita income decreased. Furthermore, the increased expense of maintaining a nutritious food has made the multidimensional poverty rate—which was 62.9 percent in 2022—worse.