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The Board of Directors of the #NESG issued a 15-point statement today, the 8th of September 2020 on the state of the Nigerian Economy and reviewed the domestic and global economic, financial and social environments. 1/12 @NGRPresident, @cenbank, @FmardNg, @finminnigeria, @FMWHNIG
Despite the budgetary allocations and huge sums of money disbursed by the @cenbank through the Anchor Borrowers’ Scheme, there remains a huge gap in meeting our food requirements which has resulted in increasing hunger among the citizenry. #NESG 2/12 @NGRPresident @fmardNg
The #NESG acknowledges the expected far- reaching positive impact of the recently enacted Companies and Allied Matters Act (CAMA) 2020 on businesses especially the Micro, Small and Medium Enterprises if well implemented. 3/12 @NGRPresident @cenbank, @fmardNg, @finminnigeria
The #NESG expresses grave concerns about how the @cenbank has carried on the business of foreign exchange transactions, loan disbursements (intervention funds) and price fixings without appropriate process clarity. 4/12 @NGRPresident, @fmardNg, @finminnigeria, @fmwhnig
The #NESG commends Government’s efforts on infrastructural developments across the Country and advise that many more options should be explored to attract private sector capital and involvement. 5/12 @cenbank, @NGRPresident, @fmardNg, @finminnigeria @FMWHNIG @NigEducation
#NESG acknowledges government efforts at reopening the eastern port & calls for the speeding up of efforts at resolving access to the Apapa port & the difficulties in effecting prompt, efficient export and import of goods through the port. 6/12 @cenbank, @NGRPresident, @fmardNg
#NESG urges @NGRPresident to expedite actions at re-opening our closed borders given its negative impact on trade and employment. Our work in ECOWAS should not be limited to security and diplomacy but must also effectively harness trade opportunities. 7/12 @cenbank
The #NESG notes with grave concern the rising level of poverty, unemployment and underemployment in our country which is predominant among our young people and has been exacerbated by the impact of #COVID19 and the slump in commodity prices. 8/12 @cenbank, @NGRPresident, @fmardNg
The #NESG urges government to as a matter of urgency consider a strong communication strategy that engages the people and prepares them for the tougher times ahead whilst our reforms take effect. 9/12 @cenbank, @NGRPresident, @fmardNg, @finminnigeria, @FMWHNIG @FMPRng
The #NESG notes the frequent expression by government to work with the private sector in our nation building efforts but observes that a lot more work needs to be done on both sides to obtain the best benefits of such collaboration. 10/12 @cenbank, @NGRPresident, @fmardNg
The #NESG pledges its commitment & that of other private sector counter parts to work effectively and transparently with @NGRPresident in combating these challenges and thereby assure a growing, strong , vibrant efficient, inclusive, secure and healthy economy. 11/12 @cenbank
Go to https://www.nesgroup.org/blog/Nigerian-Economic-Summit-Group-Speaks-on-State-of-the-Nation">https://www.nesgroup.org/blog/Nige... to read more. 12/12 @cenbank, @NGRPresident, @fmardNg, @finminnigeria, @fmwhnig, @NigEducation
