Report-on-the-Sixteenth-Nigerian-Economic-Summit-2010

INTRODUCTION
Since 1993, the NESG has remained in the vanguard of the campaign to
create an enabling environment conducive to good governance, responsible
private investment and sustainable economic growth. Although reasonable
progress had been made in laying foundations for growth in a few sectors of
the economy, there is still ground to be covered.
One remarkable achievement of NES#15 was the consideration for adoption
of the NES#15 recommendations by the Federal Executive Council and the
directive that appropriate actions be taken. This important development
provided further impetus for the NESG to intensify and sustain public/private
dialogue on economic issues in Nigeria. Similar effort had also been initiated
by the Federal Ministry of Finance to design her own Economic Scorecard to
capture Nigeria’s economic progress. At the sub-national level, the African
Institute of Applied Economics had also produced a scorecard for measuring
the competitiveness of Nigerian states. These developments were as a result
of the decision at NES#15 for the adoption of scorecard for benchmarking
economic progress in the development efforts on an annual basis, using the
framework of the Global Competitiveness Index (GCI).
The NES#16 held at the Transcorp Hilton, Abuja from Tuesday October 19
- Thursday 21, 2010. The Summit was a milestone in the history of the summit
process for three reasons: because it was on the eve of an election year, on
Nigeria’s 50 th (Jubilee) Anniversary and the first under the leadership of Dr.
Goodluck Jonathan, GCFR, President, Federal Republic of Nigeria.
In attendance were dignitaries: senior government officials including Dr.
Goodluck Jonathan, GCFR, President, Federal Republic of Nigeria and Arc.
Namadi Sambo, GCON, Vice President, Federal Republic of Nigeria. Others
were financial markets operators and regulators, captains of industry, senior
Nigerian Economic Summit 7