The Nigerian Economic Summit Group (NESG) has cautioned the Federal Government against reversing fuel subsidy reforms, warning that such a move could destabilise the economy and undermine recent gains. Speaking during a media briefing on Friday, NESG Head of Research, Dr. Joseph Ogebe, described 2026 as a “make-or-break” year for Nigeria, stressing the urgency of …
Rising taxes and fuel price adjustments slowed business growth in Nigeria in January 2026, pushing confidence to a six-month low, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report showed that the Current Business Performance Index fell to 105.8 points in January from 112.0 points in …
The Nigerian Economic Summit Group (NESG) has projected a 5.5 per cent growth in the Gross Domestic Product (GDP), declaring that the country has exited a period of “acute economic crisis”. It said Nigeria is now on the path to a stronger growth trajectory as economic reforms transition from stabilisation to consolidation. It made this …
As a measure to keep Nigeria's debt-service-to-revenue ratio in check, the Nigerian Economic Summit Group (NESG) has urged the federal government to broaden the non-oil tax base to improve its fiscal position. The Group made the call in its latest ‘Macroeconomic Condition Index (MCI)’ report it published on Wednesday, October 8. It observed that debt …
Nigeria must take the lead in driving Africa’s economic integration, regional resilience, and cross-border investment if the continent is to achieve inclusive and sustainable growth. This was the position of Mr. Niyi Yusuf, Chairman of the Nigerian Economic Summit Group (NESG), during a high-level regional dialogue at the 31st Nigerian Economic Summit (NES31) held in …
The World Bank has revealed that despite Nigeria’s recent reform gains, an estimated 139 million citizens still live in poverty. Speaking at the launch of the latest Nigeria Development Update (NDU) report in Abuja on Wednesday, the Bank’s Country Director for Nigeria, Mathew Verghis, commended the federal government for implementing bold macroeconomic reforms, including the …
