NESG, FG Call for Actionable Solutions to Translate Economic Reforms into Jobs, Shared Prosperity
The Federal Ministry of Budget and Economic Planning and the Nigerian Economic Summit Group (NESG) on Wednesday called on stakeholders to move beyond diagnosing Nigeria’s economic challenges and focus on actionable solutions that translate ongoing reforms into productive investment, job creation and improved living standards.
The call was made at a World Press Conference ahead of the 32nd Nigerian Economic Summit (NES#32), scheduled for October 26–27, 2026, at the Transcorp Hilton, Abuja, under the theme “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity.”
The Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, said the Summit must serve as a platform for building consensus and defining practical pathways towards an economy that delivers broader prosperity.
She noted that its success should be measured by the extent to which recommendations translate into measurable economic outcomes and improved citizens’ welfare.
Uzoka-Anite highlighted ongoing government initiatives aligned with recommendations from NES#31, including the National Development Plan 2026–2030, results-based monitoring under HOPE-GOV, the Nigeria Industrial Policy and efforts to develop bankable public-private partnership projects across critical sectors.
Speaking at the conference, Dr Tayo Aduloju, Chief Executive Officer of the NESG, acknowledged that reforms, including fuel subsidy removal, exchange-rate unification, fiscal restructuring and bank recapitalisation, have supported macroeconomic stabilisation and strengthened investor confidence.
However, he stressed that stability alone is insufficient without a stronger connection between reforms, productive investment, productivity and employment.
“Nigeria’s challenge is no longer simply achieving macroeconomic stability, but translating reforms into productive investment and jobs at scale. The task is not to grow faster, but to grow differently, raising productivity and creating jobs at scale,” Aduloju said.
He identified high production costs, infrastructure deficits, low productivity and insecurity as persistent constraints to economic growth, while noting that Nigeria’s large domestic market, natural resources, youthful population and position within the African Continental Free Trade Area (AfCFTA) present significant opportunities for competitiveness and investment.
NES#32 will focus on three strategic pillars, productivity, human capital and resilience, through five thematic areas: Work Nigeria, Produce Nigeria, Invest Nigeria, Scale Nigeria and Secure Nigeria.
These will address productive employment, industrialisation and value addition, investment mobilisation, subnational economic development, and the links between security and economic resilience.
Aduloju explained that the Summit would prioritise practical solutions, clear stakeholder responsibilities and measurable outcomes, asking not only what needs to change, but who must act and how progress will be assessed.
He called on the media and other stakeholders to sustain scrutiny of commitments emerging from the Summit, emphasising that its impact must be reflected in better policies, stronger businesses and improved livelihoods.
The NESG reaffirmed its commitment to fostering constructive public-private dialogue and advancing evidence-based policy solutions that strengthen Nigeria’s competitiveness and translate economic reforms into inclusive and sustainable prosperity. Lagos Set to Open N200 Billion State Bond for Subscriptions
