Olusi, Ajayi-Kadir, others to address low productivity in Nigeria at WES 2025
Dr. Olasupo Olusi, Managing Director/CEO, Bank of Industry (BoI); Mr Segun Ajayi-Kadir, Director-General, Manufacturers Association of Nigeria (MAN); and Mr. Adewale Smatt-Oyerinde, Director General, Nigeria Employers’ Consultative Association (NECA) are among those who have confirmed to speak at the WorldStage Economic Summit 2025 on Friday November 21, 2025 at The Event Centre, Nigerian Exchange Limited, 2/4 Customs Street, Lagos by 10AM.
They will be leading other top experts from the public, private and academia to address the theme: 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, Dr Abidemi Adegboye, an academia from the University of Lagos, Nigeria will deliver a researched paper on why Nigeria’s economy has been trapped in low productivity over the years.
The statement confirmed that the online nominations by stakeholders including the media for the WES 2025 Awards For Outstanding Economic Impacts has closed. It said winners from different sectors of the economy have been notified and will be presented with Certificates For Outstanding Economic Impacts during 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.
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.
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, among others.
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