NESG – InfoStride News

Nigeria still in high-risk debt zone despite fiscal gains – NESG

Temitope Nlewemchi — Tue, 12 May 2026 16:28:40 +0000

Nigeria remains classified within a high-risk debt environment despite recent fiscal improvements, according to a new assessment highlighted by the Nigerian Economic Summit Group (NESG), raising fresh concerns about the country’s debt sustainability trajectory and long-term macroeconomic stability. The report suggests that while fiscal reforms and revenue improvements have been recorded in recent periods, Nigeria’s [...]

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Reforms must translate to growth, says NESG

Temitope Nlewemchi — Sat, 09 May 2026 13:46:54 +0000

The Nigerian Economic Summit Group (NESG) has stressed that ongoing economic reforms in Nigeria must ultimately translate into measurable growth, improved productivity, and better living conditions for citizens if they are to achieve their intended objectives. The group emphasized that while policy reforms are necessary for long-term economic stability, their success should be evaluated based [...]

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NESG Pushes for Stronger Growth Policies to Secure Nigeria’s Economic Stability

Temitope Nlewemchi — Wed, 25 Feb 2026 14:14:01 +0000

The Nigerian Economic Summit Group (NESG) has urged the federal government to strengthen its reform momentum and prioritize economic stabilization strategies that will not only safeguard current gains but also set the stage for sustainable long-term growth. Speaking at the mid-year Private Sector Forum for 2025, the policy advocacy group outlined three key pillars that [...]

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NESG Cautions That Nigeria’s Policy Decisions Ripple Across Africa

Temitope Nlewemchi — Wed, 28 Jan 2026 12:00:21 +0000

The Nigerian Economic Summit Group (NESG) has raised fresh concerns over the broader implications of Nigeria’s domestic policy decisions, warning that the country’s strategic choices are not only shaping its own future but also influencing economic trends and political developments across the African continent. Speaking during a recent policy dialogue in Abuja, the NESG emphasized [...]

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NESG Stresses Industrialisation as Cornerstone of Nigeria’s Economic Prosperity

Temitope Nlewemchi — Thu, 22 Jan 2026 14:22:02 +0000

The Nigerian Economic Summit Group (NESG) has reaffirmed that industrialisation remains the most viable path to unlocking the country’s full economic potential, creating jobs, and lifting millions out of poverty. Speaking at a recent policy dialogue in Abuja, the group emphasised that without a deliberate, sustained push toward manufacturing and value addition, Nigeria’s growth prospects [...]

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Nigeria Must Create 27 Million Jobs by 2030 to Avert 30% Unemployment Spike – NESG

Temitope Nlewemchi — Tue, 07 Oct 2025 14:17:08 +0000

The Nigerian Economic Summit Group (NESG) has issued a strong warning that Nigeria must create at least 27 million new jobs by the year 2030 to avert a possible unemployment and underemployment rate surge to 30 percent. The group stated that with the population of working-age Nigerians projected to hit 168 million by the end [...]

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NESG Warns Infrastructure Gaps Are Stifling Nigeria’s Productivity and Investment Growth

Temitope Nlewemchi — Fri, 22 Aug 2025 09:15:04 +0000

The Nigerian Economic Summit Group (NESG) has raised concerns that the country’s chronic infrastructure deficits are severely undermining productivity and discouraging both domestic and foreign investments. The policy think-tank noted that inadequate power supply, poor transportation systems, weak logistics networks, and insufficient digital connectivity continue to constrain Nigeria’s economic potential despite its vast resources and [...]

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Report Reveals Rent Consumes 70% of Average Household Income

Temitope Nlewemchi — Sat, 02 Aug 2025 07:30:28 +0000

A new report has shed light on the deepening housing affordability crisis in Nigeria, revealing that rent consumes up to 70% of household income in major urban centres. The report, compiled by the Nigerian Economic Summit Group (NESG) in collaboration with the Centre for Housing and Urban Development, paints a grim picture of the financial [...]

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NESG Deepens Public Engagement Ahead of Annual Economic Summit

Temitope Nlewemchi — Thu, 05 Jun 2025 01:06:47 +0000

As Nigeria prepares for the upcoming Nigerian Economic Summit (NES), the Nigerian Economic Summit Group (NESG) is ramping up public engagement efforts to ensure broader citizen participation, policy relevance, and collective ownership of national development goals. The NESG, a private-sector-led think tank renowned for influencing economic reform and promoting public-private dialogue, is introducing a range [...]

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NESG Criticizes Halt on Legislative Action for Tax Reform Bills

Temitope Nlewemchi — Sat, 07 Dec 2024 20:21:54 +0000

The Nigerian Economic Summit Group (NESG) has expressed concerns over the suspension of legislative action on critical tax reform bills, warning that the delay could hinder efforts to improve the country’s fiscal policy framework. The NESG emphasized the importance of comprehensive tax reforms to boost revenue generation and foster economic growth. Legislative Inaction Raises Concerns [...]

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Implementation of new economic plan will boost growth – NESG

Temitope Nlewemchi — Wed, 24 Jul 2024 19:01:39 +0000

The Nigerian Economic Summit Group has said that the implementation of the new economic plans of the Federation Government and Executive Orders were critical to growth in the second half of the year. The Chief Executive Officer of the NESG, Dr Tayo Aduloju, stated that on Friday at a press briefing ahead of the think [...]

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USDA and NESG Urge FG: Elevate Food Safety Standards Amidst Rejected Exports

Temitope Nlewemchi — Fri, 10 Nov 2023 16:11:12 +0000

The collaborative efforts of the United States Department of Agriculture (USDA) and the Nigerian Economic Summit Group (NESG) have resulted in a call for the Nigerian Federal Government to establish comprehensive policies and regulations aimed at elevating food safety standards within the nation. The urgency of this plea was highlighted during the third workshop on [...]

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NESG, AERC advocate sectoral reforms to aid industrialisation

Temitope Nlewemchi — Thu, 10 Mar 2022 15:19:46 +0000

The Nigeria Economy Summit Group (NESG) Beckoned for sectoral reforms in manufacturing, trade, education, health, and ICT to champion industrialisation, improve the value chain and promote inclusive growth in Nigeria. NESG Chief Executive Officer, Laoye Jaiyeola, stated this yesterday, in Abuja, at a workshop by the African Economic Research Consortium (AERC) and the NESG themed [...]

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NESG seeks policies to accelerate development

Temitope Nlewemchi — Fri, 06 Aug 2021 22:31:42 +0000

The Nigerian Economic Summit Group (NESG) has said that with the current state of the Nigerian economy, the country needed to adopt a different approach with a profound sense of urgency to find workable measures towards achieving growth and national security. Chairman of the NESG, Asue Ighodalo, said governments at all levels must intensify efforts [...]

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