CSEA’s Executive Director, Dr. Chukwuka Onyekwena, joined other high-level delegates and policy experts from around the world for the Think20 (T20) Summit in Mysuru, India, from July 21 to August 2, 2023.
The T20 is an official engagement group of the G20 and serves as an “ideas bank” for the G20 by bringing together think tanks and high-level experts to deliberate on relevant policy issues.The event featured several conversations on key policy issues such as macroeconomics and trade, digital transformation, lifestyle for environment, green transition, global financial order, accelerating SDGs and reforming multilateralism.
The Summit also featured the release of the final T20 communique and Task Force Statements, which encapsulates the key recommendations and policy proposals developed by the Task Forces – through a year-long process – for the G20 Leaders’ Communique.
CSEA hosted representatives of the World Bank Nigeria Office on July 31, 2023 for a presentation of the ‘Nigeria Development Update: Seizing the Opportunity’ report.
The report, which is an assessment of Nigeria’s economic development, notes that Nigeria’s economic performance weakened in the first part of 2023 amid a challenging global context and domestic economic distortions.
The report further notes that the global economy, still grappling with the compounded effects of the COVID-19 pandemic, Russia's invasion of Ukraine, and the sharp tightening of monetary policy to curb high inflation, remains in a precarious position (World Bank, 2023).
While external financing conditions have broadly stabilized over the past six months, they remain challenging, especially for frontier markets such as Nigeria. Emerging and developing economies face deteriorating growth prospects due to the higher cost of borrowing, limited access to international capital markets, high inflation, and record debt levels.
On July 12, 2023, the Southern Voice and the United Nations Foundation convened participants in New York, on the sidelines of the 2023 High-Level Political Forum for the "Balancing Urgency and Inclusion: Lessons from Policy Responses to the Pandemic across the Global South for the 2030 Agenda" event.
The meeting provided a platform for participants to reflect on lessons learned through the pandemic in Africa, Asia, and Latin America and the Caribbean, on how to navigate urgency while ensuring positive outcomes for all.
Our Executive Director, Dr Chukwuka Onyekwena in his presentation, discussed the urgency-inclusion balance for pandemic policy responses.
On 22nd and 23rd June 2023, we hosted the Nigerian Economics Student's Association, University of Abuja and the University of Nigeria, Nsukka chapters for an educational visit at the Centre.
Students from the University of Abuja pose a photograph with the management and staff of CSEAStudents from the University of Nigeria, Nsukka pose for a picture with the management and staff of CSEA
The event featured presentations by the Executive Director, Dr. Chukwuka Onyekwena; Nigeria’s Ambassador to Burundi, H.E., Elijah Onyeagba, Ph.D; CSEA’s Director of Research, Dr. Adedeji Adeniran; visiting Academic Professor, Emmanuel O. Nwosu and the Head of Communications, Drusilla David.
There were also sessions led by the Centre’s researchers, which provided a platform for peer learning and networking.
The notable Global Economy Prize honours the recipients for their outstanding achievements and commitment to Africa's sustainable development.
Dr. Okonjo Iweala was also awarded an honorary doctorate degree from the University of Glasgow in recognition of her contributions in the field of Economics and policy on the 14th of June 2023.
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