Private Sector, The Subject of Nigeria’s Economic Submit

Speakers of the Nigerian  Economic Summit (NES 27) stated that federal agencies must focus on the principal sectors of the economy, emphasizing on the role of private sectors in the operation and development of government policies as well as short and long-term strategies.

The submit was themed “Securing Our Future” which had a sole aim of assessing the economic situation in Nigeria and developing a solution centered around people to tackle societal challenges and foster economic growth which will consequently improve standard of living.

The submit took place in Abuja with several dignitaries from the business, political and academia sector present, To address the state of the Nigerian economy and analyze crucial macroeconomic variables which influence its mechanism.

Hadi Siriki, Minister of Aviation, explained that the private sector has had a huge impact in the Nigerian economy. However, cooperation needs to exist with the public sector.

His words “I think we need to begin to understand the role of the private sector and that of the public sector together in creating wealth in providing prosperity and in causing development and in helping the country to get to greater heights,”

Minister of Finance Zainab Ahmed stated that the agricultural sector in Nigeria is improving. However, more can be done to create more jobs and ensure production of food materials will increase.

Furthermore, co-founder of Sahel consulting Ndidi Nwuneli explained that government polices must be influenced by the government. She laid emphasis on how technology can be an industry breaker in the agricultural sector.