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Brain Drain: NESG moves to retain human capital assets, revive economy

*The Nigerian Economic Summit Group discloses there are strategic measures in place to galvanise actions that will address current high unemployment rate and minimise the brain drain, and ensure inclusive, sustainable economy in the country

Gbenga Kayode | ÂÌñÏׯÞ

As part of the Federal Government’s efforts at reducing emigration of highly skilled human capital assets from the West African country, the Nigerian Economic Summit Group (NESG) says there strategic measures in place to accelerate actions that will address high unemployment and minimise the brain drain in the economy.

Ms. Amina Maina, Chairperson, Central Organising Committee at the NESG 29th Summit (NES 29) said this in a statement issued Thursday, September 28, 2023, in Abuja, FCT.

Maina assured Nigerians  that the forthcoming NES 29 would explore the subject as a sub-theme to observe the emigration of highly skilled professionals, which she noted had deprived Nigeria of valuable human capital assets over time.

The Chairperson of Central Organising Committee at NES 29 said: “Issues around high levels of youth unemployment have hindered the utilisation of human capital, thereby contributing to economic underperformance, will also be spotlighted.

“Wherever you go around the world, you hear that the best people whether in education, healthcare, the financial industry or even in infrastructure, are Nigerians.”

Maina also stated: “We must find a way to keep and retain our best brains in the country.

“We hope that at NES 29, the private sector community will be able to give us bold ideas, which will be a way of turning things around.”

She indicated that the forthcoming summit would enable stakeholders to brainstorm on measures to reduce unemployment rate, ensure youths were gainfully employed and have something to look forward to in the Nigerian economy.

The Chairperson further explained: “We desire to use the human capital we are blessed with to put Nigeria back on the trajectory where it should be.

“We should be able to take our place among the comity of nations because we do have the best and brightest and with the right system, we can retain them back home.”

The theme for the NES 29 summit, “Pathways for Sustainable Economic Transformation and Inclusion”, is aimed at translating economic growth into improved and sustainable living standards for all citizens, Maina stated.

She also stressed that “this year’s summit theme hints at Nigeria’s potential for sustainable development, leveraging innovative policies, robust institutions, strategic infrastructural investments, and human capital development.”

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