31 May 2016 | Supporting Economic Transformation in Nigeria

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31 May 2016 | 10:00-14:00 GMT

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Overseas Development Institute (ODI), in conjunction with DFID Nigeria publicly launched a new SET paper on Supporting Economic Transformation in Nigeria in Abuja on 31st May 2016.

The paper written by Nigerian and international experts (including David Booth, Danny Leipziger, Ebere Uneze and Dirk Willem te Velde) draws on international experience from large developing countries that have managed to transform the structure of their economies, as well as the record of economic transformation and economic policy in Nigeria to date, to chart a way forward for Nigeria’s economic transformation efforts.

Key messages

  • Nigeria has so far experienced little economic transformation and low-quality growth. Business as usual is not going to generate the large increase in productive employment that the country needs.
  • Successful transformation elsewhere has been supported by a co-ordinated push through a central agency or ministry pursuing a path of transformation based on openness and competitiveness.
  • In the past Nigeria experienced a persistence of inward-looking policy mind-sets and lack of a shared vision of national development and state-building.
  • The current economic climate and development of the government’s economic plans (including the 2016 budget) provide an ideal opportunity for the government of Nigeria to show it is serious about economic transformation and promote a number of carefully selected projects which demonstrate that progress in export-oriented transformation can be made, contributing to a shared visions of transformation.

The published report and an earlier related brief are now available online.

Speakers and representatives

Dr Aisha Abubakar: Hon Minister of State, Federal Ministry of Industry, Trade and Investment (FMITI)

Mr Según Awolowo: Executive Director/CEO, Nigeria Export Promotion Council (NEPC)

Mr Laoye Jaiyeola: CEO Nigeria Economic Summit Group (NESG)

Mr Muda Yusuf: Director General Lagos Chamber of Commerce and Industry (LCCI)

Dr Dirk Willem te Velde, Head of International Economic Development Group and Director of SET, ODI

Moderator: Boason Omofaye, Head of Business News on ChannelsTV.

Full summary:

Media coverage

Online

Channel S TV, 31 May 2016

Okrote Blogspot, 31 May 2016

Nigerian Times, 31 May 2016

Business Day Online, 1 June 2016

Sarewah, 1 June 2016

Leadership, 2 June 2016

All Africa, 3 June 2016

This Day Live, 3 June 2016

News360, 3 June 2016

Bizwatch Nigeria, 3 June 2016

TechTrendsng, 8 June 2016

Friday Posts, 8 June 2016

African Business Magazine, 6 Feb 2017

Print:

Leadership Newspaper p38 – 2/6/16
The  Authority p8 – 1/6/16
National Mirror p4 – 1/6/16
Nigerian pilot p7 – 1/6/16
People’s Daily p22, 1/6/16
New telegraph p28 – 1/6/16
African Business Magazine – 6/2/17

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