The Nigerian Economic Summit Group, NESG, has said Nigeria’s current investment level is not enough to create jobs and deliver prosperity for its growing population.
The group disclosed this in a statement issued on Sunday by its Head of Strategic Communication and Advocacy, Ayanyinka Ayanlowo, ahead of the 32nd Nigerian Economic Summit slated for October 26 and 27, 2026, at the Transcorp Hilton, Abuja.
According to the NESG, economic transformation is built on deliberate investment in businesses, industries, infrastructure, innovation and people.
It said despite Nigeria’s huge potential, investment has remained below what is required to generate jobs, improve productivity and drive inclusive prosperity.
The group listed infrastructure gaps, poor access to long-term financing, regulatory uncertainty and high cost of doing business as major factors that have held back productive investment for decades.
It noted that the challenge is now more critical as global competition for investment capital continues to intensify.
The NESG added that recent reforms to stabilise the macroeconomic environment, improve fiscal sustainability and restore investor confidence are necessary, but not sufficient on their own.
It said the next phase must focus on converting stability into productive investment that will expand businesses, create jobs, raise incomes and improve living standards.
The 32nd Nigerian Economic Summit is themed “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity” and will focus on mobilising capital for economic growth and investing in human capital to sustain development.
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