FG’s reforms won’t deliver Nigeria envisioned in 5 years – NESG

The Nigeria Economic Summit Group (NESG) has expressed skepticism that the Federal Government's current reforms will not be sufficient to achieve the country's envisioned goals by 2030. Despite recent policy changes that stabilized the macroeconomic environment, NESG Chairman Niyi Yusuf stated that more bold reforms are needed to reach the target of a $1 trillion economy.

While acknowledging some improvements in the business environment, such as exchange rate stability, the NESG highlighted that inflation and poverty levels have worsened. The NESG emphasized the importance of building strong institutions, industrialization, competitive infrastructure, and inclusive growth to drive progress.

The group outlined a five-point plan for driving growth and emphasized the need for a second wave of deliberate reforms to address current challenges and set the stage for a resilient and diversified economy.