President Goodluck Jonathan will today leave Abuja, for the World Economic Forum (WEF) in Davos, Switzerland. At the forum, the president is expected to lead efforts aimed at attracting beneficial global participation in this year’s World Economic Forum (WEF) Africa, which would be hosted by Nigeria in Abuja from May 7 to 9. Jonathan will be accompanied and supported by key members of the federal government’s Economic Management Team from the public and private sectors, as well as the Nigerian Economic Summit Group (NESG). The president is scheduled to host special events in Davos aimed at boosting attendance at the economic forum in Abuja by leading players in the world’s political and economic affairs who meet in the Swiss winter resort annually. This was contained in a statement by his Special Adviser on Media and Publicity, Dr. Reuben Abati. The events, which would include an African soiree for participants, and an interactive session with financiers and industrialists, according to the statement, would also seek to further promote Nigeria’s immense economic potentials with a view to attracting more employment generating investments to the country. The theme of the WEF on Africa in Abuja – “Forging Inclusive Growth, Creating Jobs” is very much in tandem with the federal government’s economic priorities for this year as enunciated in this year’s national budget proposals. “It is expected that the forum will bring regional, continental and global leaders together in Abuja to discuss innovative structural reforms and investments which Nigeria and other African nations can buy into to sustain their economic growth, create more productive jobs for their youthful populations and greater prosperity for all their citizens. “While in Davos for the 2014 annual meeting of the World Economic Forum which has “Reshaping of the World” as its theme, President Jonathan will also participate in a televised session focused on actions needed to ensure that the currently positive economic growth trends in Africa endure and yield greater benefits for all stakeholders in the well-being and development of the continent. “The president will have bilateral meetings with other participating heads of state and government including Prime Minister Benjamin Netanyahu of Israel and also receive the chief executives of leading international conglomerates with interest in Nigeria before returning to Abuja on Friday,” the statement read.
The Nigeria Governors Forum led by Rivers State Governor Rotimi Amaechi yesterday urged Finance Minister and Coordinating Minister of the economy Dr. Ngozi Okonjo-Iweala to resign or manage the economy well. The Forum said her non-compliance with the revenue projection of the 2013 budget was a direct breach of the Appropriation Act. The governors also […]
Nigeriaâ€™s external reserves continued its downswing in 2014 as it dropped to $41.907 billion at the weekend. THISDAY checks showed that the current value of the forex reserves represents a decline by four per cent or $1.598 billion, compared to the $43.505 billion it stood at the beginning of the year. The Central […]
Dangote Group, Nigeria’s biggest listed company, has begun talks to raise a debut syndicated loan for $3.5 billion to fund fertiliser and oil refinery projects, two sources with knowledge of the situation said. The seven-year loan for Nigeria’s biggest cement producer is split equally between Nigerian and international lenders via lead banks Guaranty Trust Bank, […]