The Nigerian Economic Summit Group
bannernew.jpg
'NESG Commissions'
'frequently asked questions'
'contact us'
'homepage'
'contact us'
'public information centre'
 
 























About the PC
The Non-Oil/Non-Agric Policy Commission comprises of five different sub-committees namely:

  • Manufacturing and SMEs
  • Solid Minerals Development
  • Tourism
  • Maritime/Customs/ECOWAS (Trade Facilitation)
  • Banking/Finance/Insurance sectors of the economy.

Stakeholders of these sub-committees meet regularly to brainstorm on topical issues affecting the sectors being covered.

Areas of coverage
Manufacturing and Small & Medium Enterprises (SMEs): The importance of Manufacturing & SMEs to the development of any modern economy cannot be overemphasized. SMEs globally, have been acclaimed as the engine of growth for most economies because of their capacity to generate employment, provide goods & services, develop entrepreneurial and managerial skills, create wealth, alleviate poverty, and vitalize rural communities.

Solid Mineral Development: Nigeria is richly endowed with over 34 solid minerals types ranging from precious minerals to various industrial and energy minerals. However, the solid minerals sector is yet to be developed in spite of its potentials of effectively contributing to accelerated economic growth. It is also believed that a well managed and sustainable Solid Minerals sector will provide gainful employment, raise national income, as well as earn foreign exchange for the country at a level comparable to the Oil and Gas sector in Nigeria.  

Banking, Finance and Insurance: With the consolidation into 25 mega banks, this sector of the economy has gained a lot of stability and it is hoped that with this new confidence in the sector, the poor banking culture of Nigerians would be a thing of the past.

The Insurance sector has however experienced a lot of setback because of low capitalization, dearth of experienced manpower, slow settlement of claims, poor publicity on the insurance industry, poor government patronage etc. However, with the consolidation of the sector in 2007, a lot of reforms are taking place and the sector is being revamped.

Tourism: Tourism is a veritable source of foreign exchange. Nigeria is endowed with many tourist attractions/resources, but these tourist centers are not developed to international standards that will attract both local and foreign tourists, to an extent whereby their potentials can be exploited for national good.

Maritime/Aviation/Customs/ECOWAS (Trade Facilitation): It is important that Nigeria develops efficient trade systems  which would enhance growth and competitiveness of its economy.

Trade facilitation benefits all actors in the national economy: importers and exporters [through time and money savings], manufacturers [through cheaper availability of raw materials and intermediate products], consumers [through lower prices], and governments [through increased efficiency, enhanced control effectiveness, and the availability of accurate statistics, enabling governments to carry out appropriate economic forecasting and base policy choices on such information].

Leadership
Dr Ikenna Nwosu – Facilitator.

Publication / Reports of the  PC
 
       
© Copyright 2008 - 10. The Nigerian Economic Summit Group. All Rights Reserved.