The Permanent Secretary, Federal Ministry of Budget and National Planning, Engr. Nebelisa Anako has reiterated the Federal Government’s commitment towards collaborating with the private sector in engendering economic development.

Engr. Anako who stated this Monday in Abuja during the inauguration of the Joint Planning Committee for the 29th Nigeria Economic Summit (NES #29), also assured the private sector that the recommendations of their previous summit is been transmitted to FEC for necessary policy action.

He said, “I am also pleased to inform you the efforts have been concluded to forward the Summit recommendations and outcomes to the Federal Executive Council (FEC) in form of Council Note for their information and guidance.”

The Permanent Secretary further appreciated the partnership with NESG, stating that their recommendations where instrumental in the development of the national documents for growth and development.

“The key outcomes of the annual Summits have always played important roles in shaping the policies of Government. In particular the Summit had in the past contributed to entrenching the culture of development planning in the country.

“Most recently, the partnership helped in no small measure in the development of the National Development Plan (NDP) 2021- 2025 and the Nigeria Agenda 2050,” Anako said.

Earlier, the outgoing Chief Executive Officer of the Nigerian Economic Summit Group, Mr. Laoye Jayeola while commending the Tinubu-led administration for removing subsidy but called for called for measures to reduce the impact on citizens.

“During NES #28, stakeholders highlighted the importance of removing fuel subsidies and reforming Nigeria’s monetary policy. We commend the administration of President Bola Ahmed Tinubu for promptly taking decisive actions in response to these calls. However, it is crucial that we diligently address the potential impact of these policies on the citizens by implementing palliative initiatives and measures to alleviate any adverse effects,” he said.

He regretted that despite being blessed with abundant oil reserves and holding the position of Africa’s largest economy, Nigeria has become home to many of the global poor, surpassing India in 2018; plagued with one of the world’s poorest human capital indices concerning education and health outcomes; substantial health infrastructure gap; significant brain drain of medical professionals and exacerbating the shortage of skilled personnel in the healthcare sector.

The NES #29 which is scheduled for October this year’s is with the theme, “2023 and Beyond Priorities for Shared Prosperity”.