This year’s edition of the AES Excellence Club dinner and award ceremony for CEOs slated to hold on December 12 at Eko Hotels & Suites, Victoria Island, Lagos, will provide the business elite a good opportunity to deliberate on policy choices for the next administration that will be sworn in on May 29, 2015.
Dr Ausbeth Ajagu, President of the Academy of Entrepreneurial Studies (AES) said the theme for this year’s year’s dinner, which is: ‘Developing Domestic Capacities for Global Competitiveness’ was carefully chosen because competitiveness is at the heart of all the issues concerning the preparedness of the Nigerian economy to survive without oil.
Ajagu said from 2015, the main issue policy makers in Nigeria will have to resolve will how to keep the economy afloat in the era in which the demand for oil will be drastically reduced and oil producing countries will have to wake up to the reality that the value of the single resource that gave them much bargaining power has been eroded.
He commended the government for the measures recently adopted to respond to the loss of revenue arising from the fall in oil price. He however, said a kind of ‘Beyond Oil’ initiative ought to have been launched several years ago, adding that even a couple of years ago it had become apparent that the world was heading to a slump in oil price considering the discovery of Shale gas in the United States and by other major oil consumer nations.
He said the challenge before policy makers in Nigeria will be to come up with initiatives that would make Nigerian products competitive in the international market.
He said the AES Excellence Club dinner and awards dinner would deliberate on this and come up with suggestions on the options before the government.
AES Excellence Award dinner will point the way for 2015, says Ajagu
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