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Major stakeholders from the public and private sectors have set agenda on how Nigeria will not be left behind in the emerging Fourth Industrial Revolution at the WorldStage Economic Summit (WES) 2019.

WES 2019 with the theme ‘Getting Nigeria Ready for Challenges of the Fourth Industrial Revolution’ held on Wednesday, the 13th of November, 2019, at the prestigious Event Centre, The Nigerian Stock Exchange, Lagos.

According to a statement by the organizers, World Stage Limited, the Federal Government made a strong presence at the summit through the Director Generals of some strategic agencies which include the National Identity Management Commission, Standard Organisation of Nigeria, Corporate Affairs Commission, Security and Exchange Commission, while the private sector was represented by the leadership of the Lagos Chamber of Commerce and Industry, Manufacturers Association of Nigeria, Nigeria Computer Society, Association of Telecommunications Operators of Nigeria, PENGASSAN, Trade Union Congress, Nigeria Labour Congress, NACCIMA, NUPENG among others.

The lead paper was presented by Dr. Babatope Ogunniyi of the Department of Economics, University of Lagos, while there was panel discussion on the theme of the summit, with emphasis on the relevant laws and policies requirement for Fourth Industrial Revolution; Developing infrastructure, industries and Business Models for Fourth Industrial Revolution; and urgent reviewing of education curriculum, developing skills, and building capacity, through massive investment in science, technology, engineering and mathematics (STEM) education.

According to Segun Adeleye, President/CEO, World Stage Limited, the Fourth Industrial Revolution is throwing up many questions that stakeholders must answer before setting agenda for the country.

“The questions begging for answers include why and how Nigeria missed out in the first three industrial revolutions and how it needs to leapfrog with the 4th industrial revolutions,” he said.

“The questions of how the fourth industrial revolution will impact on agriculture, where Nigeria has a competitive advantage, and oil, the mainstay of its economy must be answered.”

The WorldStage Economic 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.


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