• Home
  • Top Stories
  • News
    • Photo News
  • Politics
  • Business
  • Crime & Security
  • Sports
  • Intimacy
  • About Us
    • Contact Us
    • Privacy Policy
    • Advert Rate
  • More
    • Opinion
    • Lifestyle & Entertainment
    • Foreign News
    • Health
Facebook Twitter Instagram
Monday, July 7
Facebook Twitter Instagram
Prompt News
  • Home
  • Top Stories
    Featured

    Tax Laws: FIRS, Netherlands Begin Renegotiation of Double Taxation Agreement

    Business July 7, 2025
    Recent

    Tax Laws: FIRS, Netherlands Begin Renegotiation of Double Taxation Agreement

    July 7, 2025

    Meet ex-Oyo Gov. Rashidi Ladoja, set to become the 44th Olubadan

    July 7, 2025

    JUST IN: Olubadan of Ibadan, Oba Olakulehin, is dead

    July 7, 2025
  • News
    1. Photo News
    Featured

    Akure sex workers mourn colleague’s death, demand better protection

    News July 7, 2025
    Recent

    Akure sex workers mourn colleague’s death, demand better protection

    July 7, 2025

    Oyo Assembly commission begins recruitment, opens job portal

    July 7, 2025

    Meet ex-Oyo Gov. Rashidi Ladoja, set to become the 44th Olubadan

    July 7, 2025
  • Politics
    Featured

    Olubadan Succession: Royal drummers relocate to Ladoja’s residence

    Politics July 7, 2025
    Recent

    Olubadan Succession: Royal drummers relocate to Ladoja’s residence

    July 7, 2025

    Makinde appoints new Deputy Chief of Staff, reshuffles key positions in Oyo

    July 7, 2025

    Senator Ojudu criticises Oyegun over defection to ADC, blames him for APC’s leadership failures

    July 7, 2025
  • Business
    Featured

    Tax Laws: FIRS, Netherlands Begin Renegotiation of Double Taxation Agreement

    Business July 7, 2025
    Recent

    Tax Laws: FIRS, Netherlands Begin Renegotiation of Double Taxation Agreement

    July 7, 2025

    CBN Clarifies NRBVN Charges for Nigerians in Diaspora

    July 7, 2025

    Jaiz Bank appoints Indimi, Kolawole as directors

    July 6, 2025
  • Crime & Security
    Featured

    Police arrest man found with fresh human breast

    Crime & Security July 7, 2025
    Recent

    Police arrest man found with fresh human breast

    July 7, 2025

    Gunmen kill police inspector, abduct wife

    July 7, 2025

    Lawyer accuses EFCC of attempting to arrest client despite pending court case

    July 7, 2025
  • Sports
    Featured

    WAFCON 2024: Super Falcons get day off, resume training Tuesday

    Sports July 7, 2025
    Recent

    WAFCON 2024: Super Falcons get day off, resume training Tuesday

    July 7, 2025

    Napoli reject Galatasaray’s €55m bid for Osimhen 

    July 7, 2025

    WAFCON 2024: Nnadozie thrilled with Super Falcons’ victory over Tunisia 

    July 7, 2025
  • Intimacy
  • About Us
    • Contact Us
    • Privacy Policy
    • Advert Rate
  • More
    • Opinion
    • Lifestyle & Entertainment
    • Foreign News
    • Health
Prompt News
Home » Building a More Secure Society – A Critical Pillar for Nigeria’s Economic Future
Business

Building a More Secure Society – A Critical Pillar for Nigeria’s Economic Future

Prompt NewsBy Prompt NewsSeptember 9, 2024Updated:September 9, 2024No Comments4 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
NESG health financing
Share
Facebook Twitter LinkedIn Pinterest Email

By Ayanyinka Ayanlowo

As Nigeria prepares for the landmark 30th Nigerian Economic Summit (NES #30), the focus on building a more secure society, a sub-theme of NES#30 emerges as a foundational pillar for economic stability and growth. The significance of security in fostering an environment conducive to business operations, attracting foreign investments, and promoting overall societal well-being cannot be overstated.

 This year’s Summit will bring together stakeholders to deliberate on strategies that address the root causes of insecurity, thereby creating a stable and prosperous future for Nigeria and the broader African continent.

A Historical Perspective

The first Nigerian Economic Summit in 1993 marked a watershed moment in Nigeria’s economic history. Convened against a backdrop of prolonged economic challenges, it initiated a pivot from a predominantly state-led economic model to a dynamic, private sector-driven economy. This transition was not merely about changing economic policies but represented a profound shift in the philosophy guiding Nigeria’s development path.

For decades after independence, Nigeria’s economy was characterized by a government monopoly in business and industry. State-owned enterprises (SOEs) dominated the landscape, supported by substantial public investments intended to spur economic growth. The inaugural Nigerian Economic Summit laid the groundwork for an enduring partnership between the public and private sectors, which has been instrumental in shaping Nigeria’s economic policies and development strategies.

The Crucial Role of Security

Security underpins economic stability, enabling businesses to operate without fear of disruption and attracting foreign investments. Addressing the root causes of insecurity, such as poverty, unemployment, and inequality, is essential for creating a stable environment for both citizens and enterprises. Strengthening law enforcement and judicial systems further reinforces this stability, fostering social cohesion, trust in institutions, and community resilience.

Enhanced security promotes an environment where businesses can thrive, education can flourish, and healthcare can improve, leading to a higher quality of life for all citizens. It lays the foundation for sustained economic growth and development, driving Africa towards a more prosperous and stable future. In this context, NES #30 will engage stakeholders in critical discourse to:

Address current socioeconomic challenges to ensure stability; Explore strategies to improve economic competitiveness;

Identify pragmatic policies and actions for inclusive growth and development; and

Prioritize collaborative approaches between stakeholders for progress.

Thematic Focus of NES #30

The 30th Nigerian Economic Summit will spotlight the theme “Collaborative Action for Growth, Competitiveness, and Stability.” This theme underscores the importance of a secure society in achieving economic resilience and inclusive growth. The Summit will serve as a platform for meaningful deliberations, emphasizing Nigeria’s role in driving the continent’s transformation through institutions, investment, integration, industry growth, and innovation.

Security, as a critical component of this transformation, will be a key focus area. Discussions will revolve around innovative solutions to address security challenges, enhance law enforcement capabilities, and promote social and economic policies that mitigate the root causes of insecurity. By fostering a secure environment, Nigeria can unlock its full economic potential and lead Africa towards a more prosperous future.

A Call for Collaborative Action

The public-private dialogue platform Nigerian Economic Summit (NES#1) was held from February 18-20, 1993. Participants at NES#1 concluded that it is imperative for the private sector to continuously dialogue and cooperate with the public sector. Over the past 27 years, national and global policymakers and business leaders have acknowledged the annual NES as the premier platform for public-private dialogue in Nigeria.

As we look forward to NES #30, the call for collaborative action remains as urgent as ever. Building a more secure society is not solely the responsibility of the government but requires the collective effort of all stakeholders. By working together, we can create an environment where security and economic prosperity go hand in hand, ensuring a brighter future for Nigeria and Africa.

In conclusion, the 30th Nigerian Economic Summit represents a pivotal moment for Nigeria and the continent. By addressing security as a fundamental component of economic stability and growth, NES #30 will chart a course for a more secure, inclusive, and prosperous future. The deliberations and outcomes of this Summit will shape the trajectory of Nigeria’s economic development, reinforcing its position as a leader in driving Africa’s transformation.

The Nigerian Economic Summit Group (NESG) is a leading think tank and policy advocacy group committed to fostering sustainable economic growth and development in Nigeria. Through its annual Summits, NESG provides a platform for public-private dialogue, shaping policies and strategies that drive Nigeria’s economic progress.

*Ayanlowo is Acting Head, Strategic Communication & Advocacy of NESG

Post Views: 202
NESG Nigerian economy
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleBenue communities sign peace accord
Next Article Finance Minister insists VAT remains 7.5%
Prompt News

Related Posts

Tax Laws: FIRS, Netherlands Begin Renegotiation of Double Taxation Agreement

July 7, 2025

CBN Clarifies NRBVN Charges for Nigerians in Diaspora

July 7, 2025

Tola Adeniyi: A life of words and wisdom, by abiodun KOMOLAFE

July 7, 2025
Add A Comment

Comments are closed.

Latest Stories

M.I Abaga Says Eedris Abdulkareem, Burna Boy, VeryDarkMan Share Similar Traits

July 7, 2025

WAFCON 2024: Super Falcons get day off, resume training Tuesday

July 7, 2025

Tax Laws: FIRS, Netherlands Begin Renegotiation of Double Taxation Agreement

July 7, 2025

Napoli reject Galatasaray’s €55m bid for Osimhen 

July 7, 2025

Olubadan Succession: Royal drummers relocate to Ladoja’s residence

July 7, 2025

Makinde appoints new Deputy Chief of Staff, reshuffles key positions in Oyo

July 7, 2025

CBN Clarifies NRBVN Charges for Nigerians in Diaspora

July 7, 2025

“I Read Music” — Mr P Reacts to Critics, Explains Why P-Square Fell Apart

July 7, 2025

Nigerian Parents Don’t Support Music, I Had to Run Away — Zinoleesky

July 7, 2025

Tola Adeniyi: A life of words and wisdom, by abiodun KOMOLAFE

July 7, 2025
CONTACT INFORMATION

Prompt News Online is published by PNO Dynamic Media Limited.

Address: Suite 24, Abebi Plaza, Oluseyi, Sango – Eleyele Road, Ibadan, Oyo State, Nigeria.

Managing Editor/CEO: Akeem Oyetunji

Email: promptnewsonline@gmail.com or editor@promptnewsonline.com

Phone/WhatsApp: +234806 286 2057
Or 0805 386 6284

ABUJA OFFICE: 
Address: Suite D76, EFAB Mall
Off Gimbya Street, Area 11, Garki, Abuja
ABUJA BUREAU EDITOR: Harry Awurumibe
Phone: 0803 302 4300
Email: harryawurumibe360@gmail.com
UK OFFICE:
Address: 34 Skipper Court,
Abbey Road, IG 11 7GW.
Barking, London, UK.
EDITOR EUROPE: Bolaji Oyegunle
Phone +447878196776
Email: gb10oyegunle@gmail.com
© 2025 Prompt News Online. Designed by DeedsTech.
  • About Us
  • Contact Us
  • Advert Rate
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.