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Quotes and Comments at the 18th Nigeria Economic Summit in Abuja

The 18th Nigeria Economic Summit took place at Transcorp Hilton Hotel, Abuja from December 3rd – 5th, 2012.

Below are some of the comments and quotes from the summit.

“Minister for National Planning, Prof. Shamsudeen Usman X-rays Ministries Performance, Scorecard and Public Expectations”.

“Nigeria and South Africa alone account for more than ½ of the South Saharan African GDP” – Director, Global Economic Policy Institute, Prof. Paul Reynolds

“SME’s are the greatest employers of Labour in China and the UK, but that is not the case in Nigeria”. Director, Global Economic Policy Institute, Prof. Paul Reynolds

We are partnering with states’ government at ensuring the provision of free study books

and materials to primary and secondary schools” – Vice President Namadi Sambo.

We are working at driving down our non-oil revenue and have gotten it to a level of 70:30 and we are still working at driving it further down” – Minister for Finance, Dr. Ngozi Okonjo-Iweala.

Contracts has been approved for the repairs of the Apapa-Whorf Road” – Okonjo-Iweala

Reducing cost of Governance ultimately boils down to People. We pay personnel in some government quarters that are doing nothing. The cost of Personnel wage account for 32% of the national budget.

The vision of this government is under the Transformation Agenda which is in line with the Vision 20:2020” – Vice President Namadi Sambo

“Based on our projections using the IMF World Economic Outlook database, our findings are that:
§ Saudi Arabia will be the 20th largest economy in the world by 2020, with a GDP of US$1.2 trillion in purchasing power parity (PPP).

 

§ Nigeria on the other hand would be the 27th largest economy in the world by 2020, with a GDP of US$864 billion in PPP; falling short of being the 20th largest economy by a GDP of US$316 billion” – DG, NESG, Mr. Frank Nweke II

 

“The 2012 Nigeria Economic Scorecard is now available on: www.nesgroup.org – DG, NESG, Mr. Frank Nweke II

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