NESG Urges Economic Reforms to Drive Growth in Nigeria

The Nigerian Economic Summit Group (NESG) has stated that reforms in Nigeria must translate into economic growth, urging stakeholders to implement urgent measures to achieve broad-based growth and improved business performance. During a hybrid session featuring a keynote address by Finance Minister Taiwo Oyedele, the minister acknowledged the critical stage of Nigeria's economic reform journey, noting that while significant reforms have been implemented to stabilize the economy, these must yield tangible outcomes such as increased investment inflows, job creation, and enhanced living standards.

Oyedele identified four key priorities: consistent and predictable policies, lowering business costs, improving access to capital, and sustaining reforms. He warned that mixed signals in policy could undermine investor confidence.

The NESG chairman, Olaniyi Yusuf, welcomed the Finance Minister's remarks and reiterated the importance of public-private partnerships in driving growth. The NESG also launched the Nigerian Private Sector Outlook 2026 report, which aims to provide valuable insights for policymakers and business leaders.