The 24th Nigerian Economic Summit (NES)

The Nigerian Economic Summit (NES) is an annual event that is jointly organized by the Nigerian Economic Summit Group (NESG) and the Ministry of Budget & National Planning Commission in close collaboration with relevant institutions in the public and private sector. The Summit, which was initiated in 1993 by the Chief Ernest Shonekan-led Interim National Government, has remained the foremost platform for dialogue between the public and private sector to discuss issues and challenges facing the development of our country, with a view to developing and harmonizing common strategies for addressing them. It aims at fostering open and continuous dialogue on Nigeria's economic development.

The major objective of the Summit is to create an enabling environment that is conducive for good governance, responsive private sector investment and sustainable economic growth of the Nigerian economy. In this regard, the Summit brings together chief executives/top level operators from the private sector and very senior Government officials to discuss how best to develop the Nigerian economy and monitor the implementation of government policies, programmes and projects. The Summit focuses on developing the short to medium term policy direction for the country in line with the national interest, while taking cognizance of the evolving global economy.

Recommendations made by the NES usually become part of Government Policy upon presentation of same to the Federal Executive Council by the Honourable Minister for Budget and National planning. The Summit process is therefore one of the significant drivers for the evolution of many of the reform initiatives that the Government has largely accepted and have been gradually implementing over the years. It has provided an entrenched platform for dialogue and collaboration between the public and private sector and indeed among various stakeholders in the development journey of Nigeria.