The report on the ninth Nigerian economic summit with the theme: “Nigeria: Putting the Economy First” is a pragmatic and succinct enunciation of the preconditions that must be fulfilled to sustain Nigeria’s current democratic transition.
The ninth summit seeks to refocus attention on economic imperatives that must not be ignored as the nation prepares for general elections to usher in a new four-year term for the incoming administration. The summit places renewed emphasis on the five growth drivers for accelerated economic growth establish at the summit in 2001.
It acknowledges the outcome of NES #9 and chronicles the journey so far as it highlights achievements and failures in setting and reaching specific and measurable goals and targets. NES #9 demands that urgent and immediate action be taken to create appropriate economic foundations for sustainable growth and development.
 

Table of Contents

Section 1: ……………………………………………………...................................P. 4

Wednesday, 16th October, 2002
Special Summit Event …………………………………...........................P. 4
Forum: Financial Sector: Rebuilding Confidence………...............P. 4
Nigeria: Fiscal Policy- Some Thoughts On The
Way Forward-Gary Moser …………………………….......................….P. 8
Opening Plenary ………………………………………..............................P. 11
Opening Remarks By Bunmi Oni ………………………......................P. 11
Introductory Remarks By Magnus Kpakol …………………......................P. 13

Formal Opening Of Summit
Opening Address By President Olusegun Obasanjo ………...............….P. 14
National Presentation By Ifueko Omoigui And Senator
Udo Udoma …………………………………………………....................................P. 15
Deepening And Broadening Trade Between Nigeria And The
United States-Joseph Granmaison, Chairman, Board Of
Directors, Us Export-Import Bank (EXIM)………………….......................P. 19
Vote Of Thanks …………………………………………...................................…P. 20

Special Summit Dinner II
Remarks At The Summit Dinner-His Excellency,
Atiku Abubakar Vice President, Federal Republic Of Nigeria …...........P. 21
Nigeria: Imperatives For Growth And Development
Dinner Speech By Former Senator Paul Simon, Illinois
University, USA …………………………………….......................................…P. 22
Vote Of Thanks …………………………………….......................................…P. 23

Thursday, 17th October, 2002
Special summit breakfast event
Breakfast Meeting: ABR/NEPAD Private Sector Forum…...........P. 24
Creating An Enabling Environment For Private Investment
In Nigeria- Omar Kabbaj, President African Development Bank…...….P. 28
National Assembly Presentation- Ghali Umar Na’aba,
Speaker, House Of Representative…………………………………..................P. 30
Special Summit Dinner II
Welcome Remarks-Mallam Sraj Yakuku, Chief
Operating Officer, NIPC………………………………………............................P. 33
Presentation By Senate President- Chief Anyim Puis Anyim …..........P. 34
Investment In Nigeria- Goodie Ibru ……………………………....................P. 35
Vote Of Thanks ……………………………………………..................................P. 36

Friday, 1th October, 2002
Special Summit Event
Breakfast Meeting: NIPC-PBE Investor’s Forum …………….........P. 38
Feedback From Work Groups …………………………………................P. 40
Summary Of Summit Presented To The President Of The
Federal Republic Of Nigeria ………………………………........................……P. 40
Closing Address By President Olusegun Obasanjo GCFR,
President, Federal Republic Of Nigeria ……………………..................……P. 48
Vote Of Thanks- Bunmi Oni ……………………………………........................P. 50

Section 2: Work Group Reports
Group1. Infrastructure …………………………………………..................P. 51
Group 2. Budget And Economic Coordination …………….......…….P. 57
Group 3. Human Capital And Quality Of Life ……………….......…..P. 59
Group 4. Smes Informal Sector And Wealth Creation ……….....…P. 63
Group 5. Agriculture And Food Security ………………………....................P. 65
Group 6. Oil And Gas ………………………………………….............................P. 68
Group 7. Banking And Finance ………………………………..........................P. 71
Group 8. Privatization And Deregulation ………………....................……..P. 76
Group 9. Competitive Industrialization ………………………......................P. 80
Group 10. Rebuilding Institutions ………………………………......................P. 83
Group 11. Investment ………………………………………..........................…..P. 88
Group 12. Nepad ……………………………………………...............................…P. 90
Comments, Questions And Answers …………………………..............………….P. 92

Section 3: Summary Of Summit Recommendations Presented
To The President, Federal Republic Of Nigeria ……………………............…P. 99