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Tag: NESG

Investment

NESG says investment levels too low to create jobs

The Nigerian Economic Summit Group has said the nation’s current level of investment is insufficient to create the jobs, improve productivity and deliver the broad-based prosperity required by its rapidly growing population. The private sector-led policy advocacy group stated this in a statement issued on Sunday by its Head of Strategic Communication and Advocacy, Ayanyinka […]

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NESG pushes for national PPP framework in healthcare sector

The Nigerian Economic Summit Group has called for the establishment of a national framework for public-private partnerships in primary healthcare to attract more private investment and improve access to quality healthcare services across the country. The group also proposed the creation of a dedicated primary healthcare investment and risk-sharing facility to give investors clearer information […]

Energy

NESG warns energy costs could threaten business recovery gains

Nigeria’s business environment recorded stronger expansion in July 2026 despite rising operating costs. However, the Nigerian Economic Summit Group has warned that surging energy prices, limited access to credit and other structural constraints could threaten the sustainability of the recovery. Presenting its August 2026 Business Confidence Monitor, BCM, report, the NESG said: “Nigeria’s business environment […]

Business

Business confidence steady at 104.6 points in June — NESG

Nigeria’s business environment remained in expansion in June 2026, though growth slowed from a year earlier as high operating costs, limited credit and infrastructure challenges continued to pressure businesses. This is according to the June 2026 Business Confidence Monitor released by the Nigerian Economic Summit Group, which showed that the Current Business Performance Index remained […]

Business

NESG reports improved business confidence in May

The Nigerian Economic Summit Group has reported an improvement in business confidence in May 2026, attributing the positive development largely to a strong recovery in the manufacturing sector and robust consumer demand despite persistent cost pressures facing businesses. According to the latest NESG Business Confidence Monitor, the Current Business Performance Index rose to 104.6 points […]

Business featured

NESG flags weak revenue, structural gaps as key threats to fiscal stability

The Nigerian Economic Summit Group has cautioned that despite recent improvements in key fiscal indicators, Nigeria still faces considerable debt risks, pointing to weak revenue mobilisation, deep-rooted structural imbalances, and ongoing reliance on borrowing to fund budget deficits and maintain public spending. The policy advocacy organisation made this known in its latest review of Nigeria’s […]

Business

Private sector confidence rises as agriculture drives April recovery

Nigeria’s private sector maintained its recovery momentum in April 2026 as the Nigerian Economic Summit Group reported that its Business Confidence Monitor Current Business Performance Index rose to 102.1 points. NESG made this known in its latest Business Confidence Monitor released on Tuesday. The latest data shows a marginal increase from 101.2 points recorded in […]

Opinion

Middle East war could fetch Nigeria ₦30trn oil windfall — NESG

The Nigerian Economic Summit Group has projected that Nigeria could earn as much as N30 trillion in additional oil revenue if global crude prices remain elevated due to escalating geopolitical tensions in the Middle East. In a policy brief titled “Boom, Not Gloom,” the private sector policy advocacy group noted that the recent conflict involving […]

Economy featured

2027 elections pose big threats to Nigeria’s economic reforms – NESG

The Nigerian Economic Summit Group has warned that the 2027 general elections could pose the most serious threat yet to Nigeria’s ongoing economic reforms, cautioning that reform fatigue and policy reversals often emerge as political cycles draw closer. The warning was issued during the presentation of the NESG 2026 Macroeconomic Outlook, where the group highlighted […]

Opinion

Build economic growth on productivity not inflation, NESG tells FG

The Nigeria Economic Summit Group has called on the Federal Government to anchor its economic growth objectives on productivity and not inflation. Making this call in a report on the outcome of the Gross Domestic Product rebasing exercise recently concluded by the National Bureau of Statistics, NESG said: “The rebasing of Nigeria’s GDP is more […]

Business

Financial institutions must lead in shaping AI future — NESG

The Chairman of the Nigerian Economic Summit Group, Niyi Yusuf, has called on Nigeria’s financial sector to take the lead in building a responsible and inclusive future for artificial intelligence, as the technology reshapes the landscape of banking and financial services. Yusuf, who also serves as Managing Partner at Verraki Partners, made the call during […]

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