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NESG Wants FG To Convert Reforms Into Investment, Jobs

BY CHIKA OKEKE, Abuja

The Chief Executive Officer, Nigerian Economic Summit Group (NESG) Dr Tayo Adeloju has challenged the Federal Government to convert recent economic reforms into investment, productivity, jobs and shared prosperity.

He stated this on Thursday in Abuja, while addressing newsmen on the forthcoming summit with the theme: “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity”.

Adeloju disclosed that the reforms, including subsidy removal, exchange-rate unification, fiscal restructuring and bank recapitalisation, helped to restore macroeconomic stability.

He hinted that stabilisation is necessary but insufficient, harping on the need to translate reforms into productive investments, increased productivity and decent jobs.

Nigeria still faces high production costs, infrastructure deficits, low productivity and insecurity, while over 90 per cent of employment remains informal. The 32nd edition of NES would focus on five priorities such as: ‘Work Nigeria, Produce Nigeria, Invest Nigeria, Scale Nigeria and Secure Nigeria.’

The CEO noted that the priorities would address employment, industrialisation, investment, balanced economic growth and security as an economic imperative.

He assured that the summit would strengthen government-private sector partnership and develop an actionable pathway from economic stabilisation to investment-productivity- and jobs-led growth.

Adeloju enjoined the media to sustain the conversation and hold the government and businesses accountable for their commitments, stating that the success of NES#32 will be measured by better policies, stronger businesses and improved livelihoods.

He pleaded with the Federal Government to deepen trade relations with major international markets, particularly in Asia, where significant opportunities exist for export growth.

Asia accounts for 55.5 per cent of Nigeria’s merchandise imports during the first quarter of 2026, yet absorbed only 30.3 per cent of the country’s exports, highlighting a significant imbalance in trade flows.

 

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