The Nigerian Economic Summit Group (NESG) has emphasised the urgency of attracting domestic and foreign investments into the economy.
The group said such investments should especially be in infrastructure, education and healthcare.
Director of Research NESG, Dr. Olusegun Omisakin who made the call, said this strategy will not only stimulate economic expansion, but also generate employment opportunities, and drive sustainable development.
Omisakin’s call was made known in a press statement by Strategic Communications Specialist, NESG Francis Jakpor.
Jakpor said Omisakin made the call in preparation for the group’s 29th Economic Summit (NES 29) scheduled to hold from 23 – 24 October.
He said the summit will be highlighting themes on optimising resources, embracing innovation, and enhancing skill acquisition and how Nigeria can shore up its domestic and global competitiveness.
He also stated that the NESG has tasked stakeholders to leverage existing resources as a pipeline towards stimulating Nigeria’s economic recovery.
According to Omisakin, “Strategic trade expansion in non-oil sectors with a focus on exports will diversify external revenue sources, reduce reliance on the oil and gas industry and elevate Nigeria’s economic complexity on the global stage. Additionally, it will leverage the potential of the African Continental Free Trade Agreement (AfCFTA), build resilience against external shocks, and forge a more equitable, inclusive, and sustainable economy that benefits all Nigerians.”
Courtesy: The Nation.