President Muhammadu Buhari has advocated for Nigerian-made solutions to address the nation’s challenges.
Buhari who declared the 25th Nigerian Economic Summit (NES25) open, charged public and private sector leaders to look inward to solve the unique challenges slowing down the nation’s socio-economic development.
President Buhari also pledged that his administration will continue to collaborate with the private sector in designing and implementing developmental projects that will keep Nigeria on track for sustained, inclusive and prosperity driven growth.
He said, ‘‘I am informed that this year’s Summit has identified key job-creating sectors such as agriculture, manufacturing, ICT, creative industry and extractive industry as focus sectors.
‘‘I am also told that your deliberations will focus on unlocking capital through our financial services sector to actualize the opportunities in these sectors.
“In your deliberations, I would request that your proposals are productive, inventive and innovative keeping in mind that Nigeria’s unique challenges can only be solved by made in Nigeria solutions”.
Noting clearly, the importance of collective prosperity, President Buhari asserted that a prosperous society is one where majority of its citizens have an acceptable standard of living.
‘‘Today, many mistake prosperity with wealth. They are not necessarily the same.
‘‘Experts and analysts explain economic trends by making references to indicators of wealth.
‘‘Wealth, however, in its simplistic form, is money or other assets. In recent years, global events have shown that when a society and its leaders are driven and motivated by these alone, the ultimate outcome is a divided state of severe inequalities.
‘‘But a prosperous society is one where majority of its citizens have an acceptable standard of living and a decent quality of life,’’ he said.
The President also used the occasion to affirm that his administration will remain form in addressing population growth, security and corruption matters in developing economies. However he said that their policies and programmes will continually focus on promoting inclusivity and collective prosperity.