The Nigeria Economic Summit Group (NESG) has urged the federal government to pursue a second wave of bold, structural reforms to shift the economy from crisis management to long-term growth and stability.
Speaking at a press briefing in Lagos, NESG Chairman, Niyi Yusuf, stressed that while past reforms such as fuel subsidy removal and forex harmonisation created breathing space, they are not enough to deliver Nigeria's 2030 vision. He described the coming tax reforms in 2026 as "a good start" but insisted that deeper, transformative reforms remain urgent.
Yusuf explained that naira stability, driven by improved dollar liquidity, is vital for businesses, making it easier to plan and manage inflationary pressures. "What matters is not the rate but the stability, which allows entrepreneurs and SMEs to operate with greater certainty," he said.
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The 31st Nigerian Economic Summit (NES#31), themed "The Reform Imperative: Building a Prosperous and Inclusive Nigeria by 2030," will hold from October 6–8, 2025 in Abuja. The summit will focus on industrialisation, infrastructure, inclusion, strong institutions, and unlocking investment opportunities.
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, represented by Dr. Felix Okonkwo, aligned with NESG's position, adding that targeted programmes like the Renewed Hope Ward Development initiative are designed to uplift over 10 million citizens across 8,809 wards.
NESG CEO, Dr. Tayo Aduloju, emphasized that the summit is a chance to consolidate reforms and create practical pathways for sustainable growth, poverty reduction, and inclusive prosperity.
