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Food Scarcity: Why Buhari must assent to PVP bill now

By Prince Okafor The Nigerian Economic Summit Group (NESG) and the National Agricultural Seeds Council (NASC) in collaboration with the Alliance for a Green Revolution in Africa (AGRA) have called on President Muhammadu Buhari to assent to the Plant Variety Protection (PVP) Bill now, stressing that it will unlock potentials across Nigeria’s Agricultural ecosystem while protecting farmers. Speaking during an Expert review webinar with the theme “Expert review of the Plant Variety Protection (PVP) Bill: Significance and Constraints,” NESG Board member and Co-Founder/Managing Partner of Sahel Consulting Agriculture & Nutrition Ltd, Dr. Ndidi Nwuneli said the PVP bill has an important role to play across Nigeria’s Agricultural ecosystem.

BUSINESS ROUNDUP: Nigerian govt to end fuel subsidy by June; Naira gains N1, exchanges at N485/$1; Other stories

Here are the Headlines: Senate approves N1.68tr revenue target for Customs in 2021 Nigeria business environment over-regulated – NESG Nigerian govt to end fuel subsidy by June Summary: Nigeria’s naira gained against the U.S. dollar at the unofficial market on Thursday. The data posted by Abokifx showed that the naira closed at N485.00 at the black market, this represents a N1 appreciation from N486, the rate it exchanged on Wednesday. Read more The Senate on Wednesday approved the sum of N257.18 billion as the Nigerian Customs Service budget for 2021. The upper legislative chamber also approved the N1.678 trillion revenue target for the service this year. Read more

NESG, NGF to formulate policies that strengthen institutions, democracy- Fayemi

By Kadiri Abdulrahman Abuja, April 23, 2021 Chairman of the Nigerian Governors ‘ Forum, Mr Kayode Fayemi says the forum is collaborating with the Nigerian Economic Summit Group (NESG) to strengthen democratic and economic institutions. Yinka Iyinolakan, NESG’s Head of Corporate Communications, said in a statement on Friday, that Fayemi gave the assurance during the inauguration of the NESG-NGF Economic Roundtable (NNER) Steering Committee. Fayemi, who is also the governor of Ekiti state, said that the steering committee was tasked with the responsibility of strengthening institutional relationships between all tiers of government. Iyinolakan said that other governors in attendance at the virtual inauguration included governors Abdullahi Sule of Nasarawa State; Muhammed Yahaya of Gombe State; and Seyi Makinde of Oyo State.

NESG urges Nigeria to tap into $17tr idle global fund

The Nigerian Economic Summit Group (NESG) By Wed Apr 21 2021 The Nigerian Economic Summit Group (NESG) has said Nigeria can tap into the about $17 trillion global idle fund to finance infrastructure. The Chairman, the Nigerian Economic Summit Group, Asue Ighodalo stated this at the public presentation of 26th Nigerian Economic Summit (#NES26) report in Abuja. He said there is about $17tr capital globally that earns no income and can be attracted to build infrastructure in Nigeria with the right investment environment. Speaking on the #NES26 outcomes, which should be presented to the president and the Federal Executive Council soon by the Minister of Finance, Budget and National Planning Mrs Zainab Ahmed, the group called on the private sector to accelerate economic progress through innovation and investment strategies.

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