Nigerian Economic Summit Group (NESG)

The Economic and Policy Review (EPR) is a bi-annual publication of the Nigerian Economic Summit Group (NESG), established to serve as an avenue for constructive analysis of economic policies and their impacts on different aspects of the business and economic environment.  The current edition of the EPR Journal, Volume 22: Number 2 for the second half of 2024 (July-December), focuses on “Achieving Economic Transformation in Nigeria” and contains six (6) articles as follows:    1. Pathways for Achieving a US$4 Trillion Economy in Nigeria (by NESG Research)     2. Rising Energy Costs: A Bane to Nigeria's Manufacturing Sector Transformation (by Nurudeen A. Sheu & Abayomi S. Taiwo)    3. Addressing Food Insecurity in Nigeria: A Practical Guide to Disbursing Government Cash Transfers and Food Aid to Vulnerable Citizens (by Bamidele N. Faniyi & Wasiu Adekunle)     4. The Gender Parity Imperative: Policy Actions for Inclusive Development in Nigeria (by Precious C. Ukaegbu)    5. Harnessing Human Capital: A Non-Traditional Education Model for Economic Transformation (by Emmanuel L. Nwachukwu & Christopher C. Joseph) 6. Achieving Economic Transformation in Nigeria: Leveraging Tailored Policies, Institutional Reforms, and Infrastructure Development (by Nkemdilim Nwadialor) Download the journal via - https://lnkd.in/dqE2EbCB #NESG #EPR #EconomicTransformation

The expenditure estimates proposed in the 2025 Appropriation Bill stand at N49.7 trillion, significantly above the 2024 approved budget size (including amendments) of N28.8 trillion. All key provisions except capital expenditure increased in the 2025 budget proposal. Sectoral breakdown of the proposed budget showed that the Defence & Security sector takes the largest share of the budget, followed by the Social Services sectors (Education and Health). Meanwhile, the key assumptions underlying the budget proposal are quite ambitious, requiring bold steps to be taken by the government to achieve the set targets. Download the full report via - https://lnkd.in/g5NV49xq #NESG #BudgetHighlights

#ICYMI: On #NESGTV, we host top public and private sector stakeholders to discuss issues impacting you and the #economy. They share practical insights and sustainable solutions critical for #economicdevelopment. Have you missed an episode? Catch up now at nesgroup.org/tv

Unlock valuable insights into Nigeria’s business landscape with the latest NESG-Stanbic IBTC Business Confidence Monitor report. In partnership with the Nigerian Economic Summit Group (NESG) this comprehensive survey delves into current business sentiments, sector performance, and short-term expectations, offering actionable data to help you navigate the year ahead. With growing optimism and an adaptive business environment, the future looks promising. #TrustedPartner #StanbicIBTC

📊 Fostering Data-Driven Solutions for Nigeria’s Growth Earlier today, we hosted a distinguished delegation from the National Bureau of Statistics Nigeria (NBS) at the #NESG office in Abuja. Led by the Statistician-General of the Federation and Chief Executive Officer of the NBS, Mr Semiu Adeyemi Adeniran, the visit marked a significant step towards strengthening collaboration between our institutions. Our CEO, Dr. Tayo Aduloju, warmly welcomed the delegation, and together, we engaged in insightful discussions on critical areas of partnership. At the heart of our conversation was a shared commitment to improving statistical data collection, analysis, interpretation, and dissemination—key pillars for informed decision-making and sustainable development. As Nigeria continues to navigate complex economic challenges, robust and accurate data remains essential for crafting policies that address the needs of all Nigerians. This collaboration aims to ensure that the statistical information generated is reliable and accessible to stakeholders across sectors, empowering evidence-based policymaking and driving impactful solutions. We are excited about the possibilities this partnership brings and look forward to working closely with the NBS to advance a shared vision of inclusive economic growth powered by data-driven insights. Stay tuned for more updates as we continue to champion initiatives that shape Nigeria’s future. #NESG #NBS #Collaboration #DataDrivenPolicy #SustainableDevelopment

"Understanding your business is crucial, but knowing the risks is wisdom." At the #NES30 CEO Roundtable, Ike Chioke, GMD of Afrinvest (West Africa) Limited, emphasized the importance of navigating the enormous risks in today’s global value chain to achieve sustainable success. #CollaborativeAction #EconomicGrowth #GrowthandStability

#ICYMI Finding meaningful work remains a challenge for young people, but the conversation is changing. At the Private Sector Forum on the Nigerian Youth Employment Action Plan (NiYEAP), we explored how to create quality jobs that empower youth to thrive. The future of work is in our hands—let's shape it together. #NiYEAP #YouthEmployment #FutureOfWork

#NESGTV: Despite the Abuja Electricity Distribution Plc's (AEDC) strides in upgrading power infrastructure and sensitising customers, frequent outages continue to affect businesses and daily life in the FCT. Why does this persist? AEDC MD, Chijioke Okwuokenye, sits with Francis Jakpor, ANIPR to uncover the challenges and chart the path towards sustainable #electricitysupply for Abuja. Watch the full interview on nesgroup.org/tv

"Business success isn’t built in isolation—it thrives on collaboration!" Abiola Lawal, CEO of ETERNA Plc, dives into the power of strategic partnerships in today’s global value chain. He emphasizes the need for cohesive networks and innovative collaboration with governments and stakeholders across the value chain to drive sustainable growth. “True growth happens when we work together to create opportunities and push the boundaries of innovation.” Watch this insightful clip and discover how partnerships can transform industries and fuel the future! 🎥 #Innovation #CollaborativeAction #Sustainability #NES30

#NES30Throwback "If you achieve industrialization, it helps with job creation, poverty reduction, and economic diversification. Sustainable development can be achieved through industrialization" - Tola Adeyemi, CEO, KPMG West Africa. #NES30 #Soundbites #Industrialization #SustainableDevelopment