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NESG Unveils 30th Nigerian Economic Summit Logo, Holds Public Lecture

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By Tony Obiechina, Abuja
The Nigerian Economic Summit Group (NESG), in partnership with the Lagos Business School (LBS), on Thursday, held a public lecture and Founder’s forum with the theme “In the National Interest: Reflecting on the Past, Reimagining the Future.,” to kickstart activities for the 30th Nigerian Economic Summit (NES#30).


Mr Niyi Yusuf, Chairman of the Board of Directors of the NESG, emphasised the pivotal role of the annual Nigerian Economic Summit in the NESG’s advocacy efforts.
He underscored that the upcoming NES#30 is a momentous occasion, a significant milestone in Nigeria’s journey of progress and impact. He urged the audience to reflect on the role of this public-private dialogue platform in Nigeria’s socio-economic landscape, making them feel the importance of their participation in this historic event.

Mr Yusuf further highlighted the 30th Nigerian Economic Summit as a testament to the enduring relevance of the NESG’s founding vision. He stressed that it reaffirms the essentiality of public-private partnerships in addressing complex economic realities.
7Each summit, he noted, has crafted policies and strategies crucial for removing barriers to inclusive development and global competitiveness. He reiterated the potential of the audience to contribute to these partnerships, making them feel empowered in their ability to shape Nigeria’s economic future.
In his remarks, Dr Pascal Dozie, Chairman of NESG Advisory Board/Pioneer Chairman, NESG Board of Directors, who was represented by NESG Board Director, Mr Frank Aigbogun, said that there is no aspect of reflection about Nigeria that has not been done before.
According to him, yesterday has gone with all its triumphs and tragedies and that the present generation can only learn from the past but not relive it.
He reiterated the need to reimagine Nigeria with Wisdom, courage and sagacity while focusing on Political, economic, educational and environmental reimagining.
He further noted that the 30th Nigerian Economic Summit presents an opportunity to ask pertinent questions about how Nigeria can diversify her economy and reduce dependence on oil, foster a business-friendly environment devoid of the usual sloganeering and develop a much-truly needed infrastructural base in a more coordinated and lovely manner devoid of staccato approaches.
In his address, Governor Babajide Sanwo-Olu of Lagos State, stated that the theme of today, In the National Interest: Reflecting on the Past, Reimagining the Future, invites every Nigerian first to look backwards and then cast our gaze into the future, connecting what was left behind with what is to come.
He noted that everyone can see the tireless passion and the energy of the #NESG at play and that the passion and energy must never be underrated as it continues to quietly inspire reform improvement in a way that eases the implementation of policy decisions at all levels of government.
During the public lecture, Managing Partner, Compliance Professionals PLC, Mrs Ifueko Omoigui-Okauru, stated that the gathering is not just a celebration but a reflection on three decades of transformative dialogue and economic reform facilitated by the Nigerian Economic Summit Group (NESG).
 She noted that Nigeria has, over the years, set herself on the path of achieving accelerated economic development; even though monitoring and executing actions of people has been challenging, the commitment remains unwavering; as the NESG continues to drive reforms through rigorous research, economic and social programmes, and inclusive summits, all aimed at shaping the socio-economic development of our nation.
On his part, pioneer Board Member, NESG, Dr Imo Itsueli, while Speaking during the Founder’s forum, stated that Nigeria has gone through a lot of difficulties culminating in various deficits which led to the formation of the NESG, which has transformed to become foremost platform for dialogue and transformational economic change.  
Mr Niyi Yusuf and His Excellency Babajide Sanwo-Olu also unveiled the 30th Nigerian Economic Summit logo. The NES#30 logo is a unique brand identity that embodies the NESG’s dedication to advancing economic development in Nigeria.
The logo design incorporates three stars above the name, symbolising three decades of impactful dialogue that have driven economic reforms and transformation.
 The Nigerian map within the globe signifies the NESG’s belief that significant change begins at home. In contrast, the trailing lines behind the map reflect NESG’s commitment to fostering global collaborations and partnerships. Additionally, the peach-coloured ribbon represents the joyful celebration of the 30th

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FCTA Moves to Curb Medical Tourism

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By Laide Akinboade, Abuja
Federal capital Territory Administration (FCTA) has pledged to provide the necessary support for the successful completion and operation of the African Medical Center of Excellence, with a view to reversing medical tourism.
The FCT Minister of State, Dr. Mariya Mahmoud, made this pledge during a site tour of the state of the art facility, of African Medical Centre for Excellence, billed to be operational in early 2025.


Mahmoud noted that the partnership between the African Export-Import Bank and Kings College Hospital London to establish the 170-bed hospital was a testament to the commitment to advancing clinical care, training, and research in specialty areas such as oncology, cardiovascular services, hematology, diagnostics, and general medical services.

The minister further added; “The potential impact of this initiative in reversing medical tourism and reducing healthcare worker migration is commendable.
“I am encouraged by the prospect of over 1000 workers being employed to support the hospital’s operations.
“Therefore, I am fully committed to ensuring that the Federal Capital Territory Administration provides the necessary support for the successful establishment and operation of the African Medical Center of Excellence.
“We are happy to see, that the 6.5 hectares of land, which was donated by the Federal Capital Territory Administration, on behalf of the Federal Government of Nigeria, as part of the host country agreement, has been developed to accomodate this hospital.”
While conducting the minister round the project, the Chief Executive Officer, African Medical Center of Excellence, Mr. Brian Deaver, commended the FCT Administration for the strategic partnership.
He used the occasion to inform the minister that the management staff of the medical centre are looking forward to further contributions of the Administration to improvement in the management of non communicable diseases in the territory.
Deaver stressed that the potential benefits of the location of this hospital in Abuja is significant, just as he expressed confidence that the partnership would yield positive outcomes for the healthcare sector in the region.

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Ortom, Ode, Asemakaha Felicitates  With Alia on 58th Birthday

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From Attah Ede, Makurdi  
Former Governor of Benue State, Chief Samuel Ortom, the incumbent Deputy Governor, Barr Sam Ode and the Managing Director and Chief Executive Officer (MD/CEO) of Benue Investment and Property Company (BIPC), Dr Raymond Asemakaha, Wednesday, extended their felicitations to the State Governor, Rev Fr.

Hyacinth Alia on his  58th birthday celebration.

The former governor in  a statement signed by  his Media Aide,Terver Akase and made available to newsmen in Makurdi, prayed God to grant Governor Alia the wisdom and health to steer the affairs of the state.

 He maintained that God would grant Alia the enablement to surmount all challenges fronting his administration and wished him a memorable birthday celebration and many more years ahead.

The statement  read in part: “Your Excellency, as you celebrate, I pray that God grants you wisdom, good health and strength to enable you to continue to steer the affairs of our dear state.
“Leadership comes with its numerous challenges, but I have no doubt that with God’s grace and guidance, all problems are surmountable.”
Similarly, the Deputy Governor of the State, Barr. Sam Odeh, on behalf of the State Executive Council (SEC), prayed that Governor Alia’s birthday would be a celebration of his uncommon passion for speedy transformation of the state.
“On behalf of the Benue State Executive Council, I write to warmly felicitate with Your Excellency, Rev. Fr. Dr. Hyacinth Iormem Alia, Executive Governor of Benue State on the occasion of your 58th birthday anniversary.
“As you mark your years of existence on earth today, we heartily join your family, the good people of Benue State and the entire nation in wishing Your Excellency a very happy birthday.
“May your 58th birthday be a celebration of your positive energy and uncommon passion for speedy transformation of Benue State. As Governor of our dear state, you have, in the last one year, demonstrated pragmatic leadership with selflessness and dedication, by rendering quality service to the good people of Benue.
“Your ability to turn challenges into opportunities is truly admirable. We have every reason to celebrate you today, because your transformation drive has brought the state to national and global prominence with many laudable initiatives and partnerships that are now yielding positive results in various sectors of Benue economy.
“Happy Birthday! Your Excellency, you are truly a special gift to the state and a beacon of inspiration for us all. May your birthday mark the beginning of a new chapter filled with even greater successes and fulfillment.
“We pray that the Almighty God will continue to uphold, keep and strengthen you for His glory and to the benefit of humanity. Congratulations and happy birthday!, Ode stated”.
On his part, the MD/CEO, BIPC, Dr Raymond Asemakaha, on behalf of the management and staff of the company, said  the governor had so far demonstrated visionary leadership, tireless efforts, and unwavering commitment to the transformation of Benue State.
Governor  Alia’s exemplary governance and dedication to the welfare of the people are truly inspiring, stressing that this milestone birthday marks the beginning of another remarkable year filled with wisdom, good health, and unparalleled success.

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CBN Unveils Strategy to Boost Remittances

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By Tony Obiechina, Abuja
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting 14 new International Money Transfer Operators (IMTOs) Approval-in-Principle (AIP).
This was disclosed in Abuja on Wednesday, by the Bank’s Acting Director of Corporate Communications, Mrs.

Hakama Sidi Ali, who stated that the initiative will help increase the sustained supply of foreign exchange in the official market by promoting greater competition and innovation amongst IMTOs to lower the cost of remittance transactions and boost financial inclusion.

She said, “This will spur liquidity in Nigeria’s Autonomous Foreign Exchange Market (NAFEX), augmenting price discovery to enable a market-driven fair value for the naira.

“It will be recalled that the CBN Governor, Mr. Olayemi Cardoso, had recently declared: “We’ve set ourselves a target to double remittance flows into Nigeria within a year, a goal I firmly believe is within reach.
“We are wasting no time driving progress to remove any bottlenecks hindering flows through formal channels permanently. We have a determined pathway and a sequenced approach to tackling all challenges ahead, working hand in hand with key stakeholders in the remittance industry,” she stated.
Continuing, Sidi Ali, said that the CBN viewed increasing formal remittance flows—one of the major sources of foreign exchange, accounting for over 6% of GDP—as a means of reducing the historical volatility in Nigeria’s exchange rate caused by external factors, such as fluctuations in foreign investment and oil export proceeds.
The increase in the number of IMTOs is one of the primary actions initiated by the CBN’s remittance task force, overseen by Governor Cardoso as a collaborative unit pulling together specialists to work closely with the private sector and market operators to facilitate the ease of doing business in the remittance ecosystem in Nigeria.
The task force was established as a direct result of an executive learning session with IMTOs during the World Bank/IMF Spring Meetings held in Washington DC, United States of America, in April 2024. The task force will meet regularly to implement strategy and monitor the impact of its measures on remittance inflows.

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