People & Money

Nigerian Economic Summit Group Postpones Summit

The Nigeria Economic Summit Group (NESG) has postponed its 26th summit scheduled to hold between Oct 26th and 27th, 2020.

The NESG, a private sector-led policy advocacy group, said it took the decision after consultation with relevant stakeholders.

It therefore apologised for inconveniences caused members of the public.

In a statement on Thursday, the board of directors of NESG said it would be insensitive and inappropriate to hold the summit as a result of the current security situation in the country.

Also Read: CBN vs NESG: The CBN’s Communication Failings in Full Glare Again – Adedayo Bakare

The statement said: “In the past years, deliberations and outcomes of the Summit drove a national discourse but it is clear that holding this year’s Summit from October 26 – 27, 2020 without taking adequate cognizance and due consideration of recent developments across the country that have accentuated the need to amplify the voices of our youth for the reform of our institutions, and the improvement of governance, will be insensitive and inappropriate.

“It is against this background that, after due consultation between the Nigerian Economic Summit Group and the federal ministry of finance, budget and national planning as co-hosts of the Nigerian Economic Summit, the 26th Nigerian Economic Summit has been postponed.”

NESG sympathized with families of victims of violence and killings across the country, and called for the prosecution of perpetrators of these unlawful acts.

It further urged the the federal and state governments to kickstart the reform of the security system.

Also Read: BREAKING: As Violence Erupts in Lagos, Nigerian Stock Exchange Postpones all Events

“The NESG will deploy its convening and engagement capabilities to serve as a platform for driving issues affecting the Nigerian youth and ensure improved collaboration between our stakeholders,” the statement said.

“Finally, the NESG wishes to state that strong and transparent institutions determine the resilience of our economy, and the effectiveness of our social justice system. The participation and effective engagement of our youth is crucial to the development and operation of our institutions. This is the only way to achieve the Nigeria of our dreams.”

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