SEMINAR AND SYMPOSIUM

COMMUNIQUE OF THE ROUNDTABLE SEMINAR OF THE NIGERIAN ECONOMIC SOCIETY (NES)
IN CONJUNCTION WITH
THE CLEMENT ISONG FOUNDATION (TCIF)
AT THE NIIA, KOFO ABAYOMI, VICTORIA ISLAND, LAGOS ON THE 13TH FEBUARY 2009.
THEME: THE GLOBAL FINANCIAL CRISIS: IMPLICATION FOR NIGERIA

As part of its policy analysis and policy watch/guide community service focus, the Nigerian Economic Society (NES) in conjunction with the Clement Isong Foundation (TCIF), organized a roundtable discussion on the topic "The Global Financial Crisis: Implications for Nigeria" at the Nigerian Institute for International Affairs (NIIA) Lagos on the 13th February,2009.

The roundtable discussion was well attended by top government officials, policy makers, academics, captains of industries, labour unions and concerned individuals. The discussion was lead by four experts drawn from the academia, the banking sector, the Central Bank of Nigeria (CBN), stock market analysts/operators and financial consulting firms. There was broad consensus on: (i) the causes of the present global financial crisis; (ii) its confirmed and potential impacts on the Nigerian economy; and (iii) the imperatives for a more pro-active and more strategic policy response by government. . . .