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FUGAZ banks report ₦2.365trn bad loans in 2025

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NESG flags weak revenue, structural gaps as key threats

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Tag: NESG

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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 […]

Business

2025 budget inadequate for Nigeria’s social infrastructure needs, NESG warns

The Nigerian Economic Summit Group has raised concerns over the 2025 federal budget, labeling it inadequate to address Nigeria’s pressing social and infrastructure demands, despite increased overall spending compared to prior years. In its latest report, titled “2025 FGN Budget Analysis: Can The Budget Deliver a Major Economic Boost”, the NESG highlighted that public investment […]

News

NESG urges FG to maintain 2.2mbpd oil output for 2025 budget

The Nigeria Economic Summit Group has recommended that the Federal Government sustain crude oil production at 2.2 million barrels per day to ensure the feasibility of the 2025 budget and stabilize the economy. The NESG’s Chief Executive Officer, Dr. Tayo Aduloju, emphasized this during a media briefing on the group’s 2025 strategic vision and private […]

News

NESG slams senate’s decision to suspend tax reform bills

The Nigerian Economic Summit Group has criticized the Senate’s decision to suspend action on the tax reform bills, which have sparked widespread controversy across the country. The Chief Executive Officer of NESG, Dr Tayo Aduloju, made this disclosure during a media session on Friday. On Wednesday, the Senate suspended action on the tax reform bills […]

News

How Naira instability, inflation affected businesses in Oct – Report

The Nigeria Economic Summit Group in partnership with Stanbic IBTC has listed high inflation, rising interest rates, and the instability of the Naira in the foreign exchange market as contributors to challenges faced by businesses in Nigeria. The NESG-Stanbic IBTC Business Confidence Monitor for October revealed that the business environment remains weak, with a bleak […]

News

Inflation, food price hike major cause of malnutrition — NESG

The Nigerian Economic Summit Group has identified inflation and rising food costs as major factors to malnutrition and food insecurity among Nigeria’s millions of mothers and children. This disclosure was made by the CEO Of NESG , Dr. Tayo Aduloju on Friday at the press briefing of the Policy Innovation Centre, according to Nairametrics. The […]

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