The Nigerian Economic Summit Group invites you to join the discussion at the 22nd edition of the Nigerian Economic Summit that’s set to take place from October 10 – 12, 2016, at Transcorp Hilton, Abuja. The focus of this year’s Summit will be on technology, innovation and the need to set policies which will deepen the technology market and provide solutions to reap the benefits for a better placed Nigeria.
To say that we are not reaping the fruits of our past is tantamount to calling black white. Today’s recession is a conglomeration of everything that has been wrong with our economy, policy and lifestyle since the mid 70s and oil boom. However, the future is upon us and we must brace ourselves for what must be done.
The 22nd Nigerian Economic Summit has employed the theme, “Made in Nigeria” and experts are looking forward to leading discussions that will inform the structural and fiscal changes required to strengthen the Nigerian Economy.
As one of the most important and respected think-tank and research bodies in Nigeria, NESG has held its annual summit since 1996. Each year, it calls experts in fields relevant to the year’s discourse to proffer strategies, policies and discussion which should spark economic turnaround.
As one of the most important and respected think-tank and research bodies in Nigeria, NESG has held its annual summit since 1996. Each year, it calls experts in fields relevant to the year’s discourse to proffer strategies, policies and discussion which should spark economic turnaround.
This year, amidst recession and mounting pressure on the government to deliver on promises, NESG feels the theme is accurate and a round table discourse is paramount. This time calls for a revisit to our local content strategy.
It should be noted that in 2015, the technology and telecoms industry in Nigeria accounted for 8.7% of the GDP while the much touted oil accounted for 6.4%. In an industrial age where technology, efficient energy consumption and green energy are quickly becoming front burners, it still baffles industrialist and entrepreneurs why Nigeria seems stuck in the past.
It should be noted that in 2015, the technology and telecoms industry in Nigeria accounted for 8.7% of the GDP while the much touted oil accounted for 6.4%. In an industrial age where technology, efficient energy consumption and green energy are quickly becoming front burners, it still baffles industrialist and entrepreneurs why Nigeria seems stuck in the past.
A vital subset of today’s economy is technology. Just last month, Facebook CEO, Mark Zuckerberg paid a surprise visit to Nigeria. His visit not only validated Nigeria as a tech hub in Africa but showcased the rich technology drive hidden in the nation’s youths. Yaba, projected to become Africa’s Silicon Valley, is budding with startups and technology businesses like Andela, CCHub, Konga to name just a few.
Our tech startups are getting funding from outside sources (although a growing local tech angel market is springing) and technology is challenging how we do things. Remitta, Paga and other fintech startups may soon disrupt the financial markets, grow financial inclusion and make every other aspect of the Nigerian economic frame work alive and accessible to the common man. Yet it seems the light hasn’t been fully beamed on its potentials.
The #NES22 theme is well placed at a perfect time in Nigeria’s economy. Recession may be a blessing after all, as it would awaken Nigerians to the need to truly go for ‘made-in-Nigeria’ goods/services a.k.a ‘buy Naija to grow Naija’.
You can register for the conference here. You can also join the online conversation via #NES22 or #madeinNigeria.
