NESG Warns of Insufficient Investment for Job Creation

The Nigerian Economic Summit Group (NESG) has declared that Nigeria's current investment levels are insufficient to create the necessary jobs and improve productivity for its rapidly growing population. In a statement issued by Ayanyinka Ayanlowo, Head of Strategic Communication and Advocacy, the NESG highlighted that economic transformation requires substantial investment in various sectors, including businesses, infrastructure, and people.

The group pointed out that infrastructure deficits, limited access to long-term finance, regulatory uncertainty, and high business costs have hindered productive investment for decades. As global competition for investment capital intensifies, the NESG stressed that recent economic reforms aimed at stabilizing the macroeconomic environment are necessary but insufficient without a corresponding increase in productive investment.

The upcoming 32nd Nigerian Economic Summit, scheduled for October 26 and 27, 2026, at the Transcorp Hilton Hotel in Abuja, will focus on mobilizing capital for economic expansion and investing in sectors like agriculture, manufacturing, and technology to create jobs and improve living standards.