Worldstage Convenes Summit On Diversification Of Nigeria’s Economy

World Stage Limited will on Wednesday, August 23, convene the WorldStage Economic Summit 2017 with the theme: ‘Transforming Business and Economy Through Innovation.’

The summit, which holds by 9.30AM at the Event Centre, the Nigerian Stock Exchange (NSE), Lagos, seeks to know how fast and far diversification of Nigeria’s economy will bring an end to recession and other problems.

Stakeholders from the Presidency, National Assembly, MDAs and State Governments are expected to participate in the summit.

Also expected at the WorldStage Economic Summit 2017 are participants from OPS- Oil and Gas, Banking, Insurance, Maritime, Aviation, Mining, Agriculture, Hospitality & Tourism, Entertainment, Construction, Power, ICT, Education, Transportation, Local and Foreign Investors, Media amongst others.

According to World Stage Limited President/CEO, Mr Segun Adeleye, this year’s summit will look beyond “the calls for Nigeria to diversify its economy” but will also look at “how fast and far can diversification solve economic recession and other problems in the short, medium and long terms.”

Adeleye said the event will “include the presentation of awards to personalities, institutions and regulators in recognition of their significant contributions to the Nigerian economy in the last one year.”

The 2017 WorldStage Economic Summit will also witness the presentation of a research paper on the summit’s theme by Dr. Ayodele Shittu, an expert in Entrepreneurship and Business Innovation Economics.

Dr Shittu said of the upcoming summit, “As Nigeria is projected to be the third most populous country behind India and China by 2050, any diversification now without innovation by businesses and government may be tantamount to running on the same spot.

“It has been established that a large share of economic growth is driven by technological advancement and that policies aiming at fostering technological progress have the potential to boost economic growth.

“If countries such as Singapore and United Arab Emirate can be so successful and cities such as Dubai can become global with economy being driven with revenues mainly from tourism, aviation, real estate, financial services, and less than 5% from oil, it is not impossible for Nigeria’s states, private sector and the Federal Government to be so successful economically,” he said.

Further information on the WorldStage Economic Summit 2017 can be found at: http://worldstagegroup.com/wes