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Actualizing the Economic Recovery and Growth Plan” The 23rd Nigerian Economic Summit held “Opportunities, Productivity and Employment: from October 10 to 12, 2017 Actualizing the Economic Recovery and Growth Plan”. Report of the 23rd Nigerian Eonomic Summit Opportunities, Productivity & Employment: Actualizing the Economic Recovery and Growth Plan October 10 – 12, 2017 1 The 23rd Nigerian Economic Summit held “Opportunities, Productivity and Employment: from October 10 to 12, 2017 Actualizing the Economic Recovery and Growth Plan”. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, without the prior permission of the Nigerian Economic Summit Group. Enquiries concerning the above and other requests may be addressed to: The Nigerian Economic Summit Group The Summit House, 6 Oba Elegushi Close, Off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria. DISCLAIMER This document is issued by the Nigerian Economic Summit Group Limited by Guarantee (NESG), for information purposes only and should not be construed in any circumstances otherwise. This document is based upon information from various sources that we believe are reliable. However, no representation is made concerning its accuracy, reasonableness or completeness. Neither the NESG nor its patrons, directors, employees or any of its affiliates accept any liability for any loss arising from any use of this document or its contents. This document should not be used as a substitution for exercising independent judgment and has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. This document includes certain statements, estimates and projections with respect to the future performance of macroeconomic variables. Such statements, estimates and projections may reflect various assumptions concerning anticipated economic developments that have not been indep ndently verified. By receiving this document, you will not be deemed a client/member or provided with the protection afforded to clients/members of the NESG. When distributing this document, NESG is not acting on behalf of any recipient of this document and will not be responsible for providing advice to any recipient in relation to this document. The information contained herein is confidential and is solely for the use of those persons to whom it has been addressed. The information contained is not intended for distribution to the general public and may not be disclosed, reproduced, redistributed or published in whole or in part for any purpose without the written permission of the NESG. Neither the NESG nor its patrons, directors, employees, affiliates accept any liability whatsoever for the actions of third parties in this respect. Neither the NESG nor its patrons, directors, employees or any of its affiliates accept any liability whatsoever for any direct or indirect loss arising from the use of this document. Neither this report nor any copy or part thereof may be distributed in any other jurisdictions where its distribution may be restricted by law and persons into whose possession this report comes should inform themselves about, and observe any such restrictions. The NESG, its patrons, directors, employees or any of its affiliates may have or may have had interest in any of the companies, sectors and/or government agencies contained herein. Directors and employees of NESG or its affiliates may serve or may have served as officers or directors of the companies and/or government agencies contained herein. The analyst(s) who prepared this research report hereby certifies(y) that (1) all of the views and opinions expressed in the research report accurately reflects the analyst’s(s’) personal views about the subject and (2) no part of the analyst’s(s’) compensation was, is or will be directly related to the specific recommendations or views expressed by the analyst(s) in this research report. 2 The 23rd Nigerian Economic Summit held “Opportunities, Productivity and Employment: from October 10 to 12, 2017 Actualizing the Economic Recovery and Growth Plan”. Content Executive Summary ....................... ���������������������������������������������������������������������������������������������������������������������������������������4 “Think Nigeria” ........................ ��������������������������������������������������������������������������������������������������������������������������������������������10 Skills, Competencies and Capacities ���������������������������������������������������������������������������������������������������������������������������12 Access to Capital .................... ��������������������������������������������������������������������������������������������������������������������������������������������14 Legislation ............................... ��������������������������������������������������������������������������������������������������������������������������������������������16 Economic Inclusion ................. ��������������������������������������������������������������������������������������������������������������������������������������������18 DAY 1: ............................... ...........................................................................................................................................21 Welcome Address .......................... �������������������������������������������������������������������������������������������������������������������������������������22 Opening Remarks ........................... �������������������������������������������������������������������������������������������������������������������������������������23 Insight Session – Spoken Word and Performance Poetry �����������������������������������������������������������������������������������24 on Good Governance and Economic Inclusion ..............................................................................................................24 Insight Session – Setting the Context ���������������������������������������������������������������������������������������������������������������������������25 Opening Address ............................ �������������������������������������������������������������������������������������������������������������������������������������28 “Think Nigeria”: Opening Plenary with ���������������������������������������������������������������������������������������������������������������������������30 Vice President Yemi Osinbajo, SAN ���������������������������������������������������������������������������������������������������������������������������30 Working Lunch Meeting with State Governors on Ease of Doing Business in the State and Sub-National Economic Competitiveness ............................ �������������������������������������������������������������������������������������������������������������������������������������33 Agriculture and Food Security ....... �������������������������������������������������������������������������������������������������������������������������������������36 “Building the Competitiveness of Nigerian Agribusiness” ������������������������������������������������������������������������������������������������������������36 Energy ............................................. �������������������������������������������������������������������������������������������������������������������������������������40 “Harnessing the Opportunities in Nigeria’s Energy Sector” ������������������������������������������������������������������������������������������������������������40 Governance and Institutions ......... �������������������������������������������������������������������������������������������������������������������������������������43 “Deepening the Governance Capability for ERGP Execution” .............................................................................................43 Sustainable Development Goals Deployment ..............................................................................................................45 Performance Reporting with the ERGP ���������������������������������������������������������������������������������������������������������������������������47 Human Capital Development ......... �������������������������������������������������������������������������������������������������������������������������������������49 “Job Creation and Economic Growth Through Human Capital Development” ...............................................................49 Financial Inclusion and Financial Markets ..............................................................................................................54 “Enabling Accessibility to Capital through Financial Inclusion and Alternative Funding” ................................................54 Opening Dinner on Opportunities, Value Creation and Innovation ���������������������������������������������������������������������59 DAY 2: ............................... ...........................................................................................................................................62 Plenary II on Access to Capital: .... �������������������������������������������������������������������������������������������������������������������������������������63 “Strategic Options for Unlocking Capital” ..........................................................................................................................................63
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