NESG Calls for Improved Governance to Attract Investments

The Nigerian Economic Summit Group (NESG) has called on state governments to compete more aggressively for private investment by improving governance, strengthening institutions, and creating business-friendly environments instead of relying on fiscal incentives. In a statement regarding the Scale Nigeria sub-theme of the 32nd Nigerian Economic Summit, set for October 26-27, 2026, at the Transcorp Hilton Hotel in Abuja, the NESG emphasized that stronger competition among states could help distribute economic opportunities more evenly across Nigeria.

The group noted that economic activity is heavily concentrated in a few states, particularly Lagos, Abuja, Kano, and Port Harcourt, leaving many regions economically marginalized despite their resources. The NESG warned that this concentration creates significant disparities and limits Nigeria's overall economic potential.

It highlighted the need for improved land administration, predictable regulations, and effective dispute-resolution systems to attract investors and reduce infrastructure pressure in major commercial centers.