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Nigeria vows to give primacy to private sector

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  • Panellists at this year’s Nigeria Economic Summit (NES 27) have called on the authority in the country to focus on  the private sector for achieving development targets.
  • The two days summit held in the capital, Abuja had in attendance national and global leaders in government, business, politics, civil society and academia
  • They assessed the country’s state of economy to zero in identify vital imperatives

Panellists at this year’s Nigeria Economic Summit (NES 27) have called on the authority in the country to focus on  the private sector for achieving development targets.

The two days summit held in the capital, Abuja had in attendance national and global leaders in government, business, politics, civil society and academia. They assessed the country’s state of economy to zero in identify vital imperatives.

Co-founder/ Managing partner, Sahel Consulting Agriculture and Nutrition, Ndidi Nwuneli said the government should leverage technology and create an environment for the private sector in the country to thrive. The private sector, according to her, should be given the opportunity to influence government policies.

Minister of Aviation, Hadi Siriki in a remark, said that the private sector has done very well over the years. But  he added that  there should be public-private partnership  to recreate a better Nigeria.

Speaking on Agriculture, Minister of Finance, Zainab Ahmed reiterated that the country has made tremendous effort in agriculture. However, she added that more needed to be done in the sector. The sector, if improved, could create more jobs for Nigeria’s unemployed youths, she added. The summit also called for higher spending on education in the country since average expenditure of some of the developed and countries of similar economic profiles spend  much higher than that incurred by Nigeria.

The summit with the theme   “Securing Our Future: The Fierce Urgency of Now.” provided a  platform for effective partnership and cooperation between the public and private sectors for the purpose of charting the course for a stable and productive economy.

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