Olukoyede, under whose leadership the EFCC has made unprecedented progress in the fight against economic and financial crimes by recovering over N566 billion alongside other currencies and assets in the last two years will speak on ‘Anti-Corruption Efforts of the EFCC to Boost Ease of Doing Business.’

The theme WES 2025 is ‘Tackling the Issue of Low Productivity in Nigeria’.

According to a statement by the organisers, World Stage Limited, a research and technology driven Africa focused firm, Olukoyede will join other top chief executives which include Dr. Olasupo Olusi, Managing Director/CEO, Bank of Industry (BoI); Mr Segun Ajayi-Kadir, Director-General, Manufacturers Association of Nigeria (MAN); Mr. Adewale Smatt-Oyerinde, Director General, Nigeria Employers’ Consultative Association (NECA) and Dr Abidemi Adegboye, an academia from the University of Lagos that have confirmed participation.

The statement also confirmed that one state governor, one minister and 21 organisations will receive WorldStage Economic Summit Awards For Outstanding Economic Impacts in 2025 at the summit.

WES is conceived to address economic challenges through diagnoses and application of practicable solutions with public and private sector engagement in a research and innovation driven platform to inspire new thinking in business initiative, policy formulation/implementation, economic reform and development.

Top corporate institutions that are supporting the WES 2025 include Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC), Nigerian Exchange Group Plc (NGX), NLNG, Zenith Bank, Access Bank, Polaris Bank, Fidelity Bank, Sterling Bank, Sahara Group and Ecobank.

Other critical stakeholders for economic productivity expected to take the front seats at the summit include federal, state governments and private bodies responsible for food production, technology transfer, job creation, energy supply, blue economy, banking  and export promotion.

The statement said, the summit will specifically attract those in the manufacturing, oil and gas, housing, agriculture, and water resources, banking, insurance, maritime, ICT, aviation, mining, hospitality & tourism, health care, education, transportation, local and foreign investors, and the media.

Mr Segun Adeleye, President/CEO, World Stage Limited said one of the biggest challenges facing Nigeria’s economy is low productivity.

“Even-though many are working, almost half of Nigerians are estimated to be poor, living below the national poverty line with multidimensional poverty at 63% and income poverty at 40%, just because the right jobs are not available,” he said.

“The question being asked by many is that if Nigeria’s economy is transforming, does the transformation deliver higher productivity jobs to raise living standards?”

He explained that WES 2025 will provide a template to discuss evidence-based policies to generate jobs that can lift people out of poverty; legislative intervention to curb annual economic loss through multiple public holidays; ideas on how to boost earnings in activities that are currently low productivity and small scale activities such as in farm and non-farm household enterprises; a stable macro environment, requiring a continuation of fiscal and exchange rate reforms that will inspire better integrating firms into global value chains and attracting foreign direct investment; further opening of the economy to international trade by removing trade restrictions and improving trade facilitation, as well as ensuring skills are aligned with the economy’s needs; design and implement national skills programs aimed at upskilling young Nigerians, to ensure many more embrace digital skills and capabilities; upgrading infrastructure as key ingredients of an effective policy mix; aggressive integration of mineral resources into national income generation stream to benefit from the opportunities presented by AfCFTA; financing structural transformation with accelerated domestic resource mobilization through reforming tax administration.

WorldStage Economic Summit has always been a hub of opportunity, an unparalleled platform for networking, learning, and adapting.

It is an invaluable experience that brings together public, industry leaders and like-minded professionals.

World Stage Limited, the organiser of the annual summit in a statement said WES 2024 will hold on September 25, 2024 at the Event Centre, Nigerian Exchange Limited, 2/4 Customs Street, Lagos.

The statement said the critical stakeholders for business and economic recovery that will take the front seats at the WorldStage Economic Summit are federal, state governments and private bodies responsible for food production, technology transfer, job creation, energy supply, blue economy, banking  and export promotion.

“Specifically, the summit will attract those in the Manufacturing, Oil and Gas, Housing, Agriculture, and Water Resources, Banking, Insurance, Maritime, ICT, Aviation, Mining, Hospitality & Tourism, Health care, Education, Transportation, Local and Foreign Investors, Media and Other Relevant Stakeholders,” the statement said.

“WorldStage Economic Summit 2024  will put stakeholders that are critical to the economic turnaround on the spotlight to stimulate case discussions, public buy-in and lasting solutions.”

Mr Segun Adeleye, president/CEO World Stage Limited was quoted as saying that the “The economy has been subjected to different policy reviews since the election and inauguration of President Bola Ahmed Tinubu in 2023.

“The new administration has set a tall agenda with the Presidential Policy Advisory Council coming up with a strategic blueprint to propel the country into a $1 trillion economy within the next eight years and achieve an average annual GDP growth rate of 7% and GDP per capita of  $3,631 .

“As the new administration is challenged to improve the economic prosperity of Nigerians, inherited fundamental macroeconomic issues such as poor policy implementation, infrastructure deficit among others will demand strategic reforms with long-term gains, albeit with some short-term pain as seen in high energy cost, Naira devaluation and runaway inflation.

“Currently, the economy is at a cross road with businesses and populace at the mercy of tough measures with unintended consequences which have pushed many to breaking points, thereby forcing governments to roll out palliative measures in order to avert backlash and total collapse.

“The current reality has put government and businesses in no choice situation than to align strategies for common good in economic recovery through stable power supply, job creation, exchange rate management, inflation control, banking recapitalization, fiscal and debt management, structural reforms, human capital development and economic diversification.”