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Lagos, Jan. 23, 2025 (Naija247news) – The Nigerian Economic Summit Group (NESG) has expressed optimism about the country’s economic prospects for 2025, forecasting a potential 5.5% GDP growth rate, contingent on the continuation of current reforms. This optimistic outlook was revealed during the launch of NESG’s 2025 Macroeconomic Outlook Report, titled ‘Stabilisation in Transition: Rethinking…

Economic Experts Urge FG To Secure the Future of The Country

  By Zakaa Lazarus The Chairman of the Nigeria Summit Group, Mr. Asue Ighodalo has called on the Federal Government, non-state actors and ordinary Nigerians to act with what he described as “fierce urgency” to secure the future of the country. Ighodalo made the call at the opening of the 27th summit of the NESG, Abuja, Monday with the theme, “Securing Our Future: The Fierce Urgency of Now.” He…

Twitter Ban: More Job Losses, Economic Woes Worsen – NESG

While the Nigerian government has taken a drastic measure to ban Twitter activities in Nigeria, this move will not come with its own consequences. Prominent economic groups and experts are already speaking of the economic woes and consequences the Twitter ban would have on the Nigerian economy. The NESG, a private sector-led think-tank, and economic experts, have been quick to point out that a…

COVID-19 caused recession – Buhari

As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because of the severity of the global downturn caused by the COVID-19 pandemic.

He said this on Monday in Abuja, while declaring open the 26th Nigerian Economic Summit with the theme: “Building Partnerships for Resilience’’.

The summit was organised jointly by the Nigerian Economic…

Bank chiefs quit NESG over criticism of CBN policies

The three chief executive officers of banks who are members of the board of the Nigeria Economic Summit Group (NESG) may have pulled out yesterday over the group’s criticism of some policies of the Central Bank of Nigeria (CBN), especially on foreign exchange management.

The banks whose bosses were said to have resigned from the board include United Bank for Africa (UBA), First Bank Plc and…

NESG urges FG to re-open borders, ratify AfCFTA

Seeks overhaul of agric sector The Nigerian Economic Summit Group (NESG) has urged the Federal Government to re-open the nation’s borders, saying the closure is having negative impact on trade and employment.

According to the group, Nigeria’s presence in the Economic Community of West African States (ECOWAS) should not be limited to security and diplomacy, it must also effectively harness trade…