How FG can Execute Roadmap for Economy — NESG, OPS, others

The Nigeria Economic Summit Group (NESG), in collaboration with the Nigeria Employers Consultative Association (NECA) and other members of the Organized Private Sector (OPS), has unveiled a set of priorities aimed at ensuring the effective execution of the Federal Government’s Economic Revival Roadmap.

These priorities have been articulated to guide the government in achieving its ambitious economic goals.

The highlighted priorities encompass various aspects of the roadmap's execution. They include establishing specific national targets for each of the roadmap's eight priority focus areas, streamlining policies, and repositioning institutions within the next three months. Moreover, strong inter-ministerial coordination is emphasized to avoid misalignments in implementation.

Speaking at the conclusion of the inaugural Federal Executive Council meeting, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, stated the eight priority areas that the government aims to address over the next three years. These areas are food security, poverty alleviation, economic growth and job creation, access to capital, inclusivity (especially for youths and women), improved security, a conducive business environment, and the fight against corruption.

The NESG praised the unveiling of these priorities and urged the government to set distinct national targets for each of the eight focus areas.

It emphasized the significance of fine-tuning policies and reshaping institutions within the forthcoming three months. Dr. Tayo Aduloju, the CEO of NESG, encouraged a comprehensive review of existing policies to align them with the renewed economic agenda, ensuring its success.

Furthermore, the NESG urged the new ministers and members of the Federal Executive Council to expedite the process of setting key national targets.

These targets would be based on revised macroeconomic assumptions and a medium-term fiscal framework, in line with the administration’s agenda. NESG affirmed its commitment to partnering in the co-creation process of public-private dialogues, which will drive the development of a competitive, inclusive, and sustainable Nigerian economy.