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Tag: NESG

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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 […]

Business

Climate Foundation, NESG partner to pilot energy transition plan

By Melvin Onwubuke The African Climate Foundation and National Economic Summit Group are partnering to provide, private sector support for Nigeria’s energy transition plan. This was disclosed on Saturday at a workshop tagged “Private Sector Stakeholders Engagement Towards a Successful Nigeria’s Energy Transition,” according to Daily Trust. The focus was to strengthen the public – […]

Business

How human capital devt will curb brain drain, unemployment – NESG

The Nigerian Economic Summit Group has emphasized the necessity for public and private sector stakeholders to support and ensure human capital development. The Punch reported that the group said in a statement that doing this was essential to tackling Nigeria’s problems with brain drain and unemployment. The chairperson of the NES 29 Central Organising Committee, Amina […]

Business

NESG, others partner to increase food fortification

The Nigerian Economic Summit Group, collaborated with eHealth Africa and the Civil Society Legislative Advocacy Centre, on Thursday to propose a solution for boosting food fortification in Nigeria’s food sector in response to the rising number of cases of malnutrition and food poisoning-related illnesses and deaths in the country. Vanguard reported that this happened when […]

Business

NESG, others partner to increase food fortification

The Nigerian Economic Summit Group, collaborated with eHealth Africa and the Civil Society Legislative Advocacy Centre, on Thursday to propose a solution for boosting food fortification in Nigeria’s food sector in response to the rising number of cases of malnutrition and food poisoning-related illnesses and deaths in the country. Vanguard reported that this happened when […]

Business

Nigeria’s economy to grow more rapidly in 2023 – NESG

The Nigeria Economic Summit Group has stated that Nigeria’s economy will grow more strongly in 2023 as a result of rising firm new orders, output growth rates, and inventory activities. This information was provided by the NESG’s Chief Executive Officer, Mr. Laoye Jaiyeola, at the third edition of the Mid-Year Review of 2023 Economic Outlook, which was […]

Tayo Aduloju has been named the next Chief Executive Officer of the Nigerian Economic Summit Group, beginning January 1, 2024.
Appointments

Nigerian Economic Summit Group names Tayo Aduloju new CEO

Tayo Aduloju has been named the next Chief Executive Officer of the Nigerian Economic Summit Group, beginning January 1, 2024. This was disclosed by the organization in a statement on Wednesday. The current CEO, ‘Laoye Jaiyeola, will be succeeded by Mr. Aduloju, who is currently the Chief Operating Officer and Senior Fellow for Economic Policy, […]

Presidential candidate dialogue by NESG
Business

2023: We’re the leaders Nigeria needs, says Peter Obi

The presidential candidate of Labour Party, Peter Obi stated that Nigeria needs his transformational leadership in 2023 and at this critical time. This was stated in the concluding session of his dialogue with the National Economic Summit Group which held on Monday. Am Business reported on Monday that the presidential candidate of Labour Party announced […]

Naira falls N777 against dollar after CBN announcement
Economy

Inflation weakened naira 15% in 2022 – NESG

Bisola David   A recently released report by the Nigerian Economic Summit Group revealed that the naira was devalued by 14.9% due to inflation, which was brought on by the Central Bank of Nigeria’s plan to redesign the currency.   In its 2023 Macroeconomic Outlook Report titled “Nigeria in Transition: Recipes for Shared Prosperity,” the […]