The forthcoming Nigeria Development and Finance Forum (NDFF) 2024 Conference is poised to invigorate Nigeria’s economic trajectory and expedite development within the country’s blue and green sectors, according to organizers.
Scheduled for May 8th to 9th, 2024, at the Transcorp Hilton in Abuja, the conference, themed “The Road to Economic and Social Welfare Transformation,” is anticipated to convene a cadre of leaders from the public, private, social, and international sectors.
Jide Akintunde, Director of NDFF, articulated the conference’s primary objective as providing robust support for a comprehensive and transformative reform agenda for Nigeria’s economy to foster sustainable progress. In addition to addressing broader economic issues such as fiscal policy for job creation, industry revitalization, and health and social welfare, the conference will feature two specialized sessions focusing on the blue and green economies.
The global blue economy, encompassing economic activities related to oceans, seas, and coasts, currently valued at approximately $1.5 trillion annually, is projected to double by 2030 to $3 trillion. Despite recent advancements in Nigeria’s blue economy, including the establishment of the Federal Ministry of Marine and Blue Economy and the extension of the nation’s seaward continental boundaries, further policy support, market frameworks, and investments are deemed necessary to fully exploit the sector’s potential.
Concurrently, NDFF aims to spotlight Nigeria’s green economy, aiming to stimulate investment for sustainable development initiatives. Green growth strategies prioritize the sustainable utilization of natural assets to realize their full economic potential. With Nigeria’s sustainable investment opportunities estimated at $100 billion annually, the conference’s panel of experts will explore strategies to unlock these investment potentials, particularly in sectors such as technology, agriculture, manufacturing, power, and transportation.
The conference’s strategic timing, close to the first anniversary of the Bola Ahmed Tinubu administration, aims to facilitate constructive engagement between policymakers, industry leaders, civil society, academics, and international institutions, maximizing the positive impact of economic reform initiatives.
Additionally, two state governments will use the platform to showcase their reform agendas and investment opportunities during the two-day event.
NDFF, conceived to provide insights into Nigeria’s policy and investment climate for international investors and the global policy community, has previously held successful conferences in London, Washington D.C., and New York.
REF: businessday
