Nigeria economic growth
NES calls on Nigeria to revolutionize agriculture, trade, and energy
The Nigerian Economic Society (NES) has issued a clarion call to Nigeria and other African nations to embark on bold transformations in agriculture, trade, and energy, identifying these sectors as critical for sustainable economic growth and social prosperity. Speaking at a press briefing in Abuja on Tuesday, NES President, Adeola Adenikinju, emphasized that Africa is […]
Oyo unveils bold PPP drive to transform iconic tourism sites
The Oyo State Government has unveiled an ambitious plan to reposition its tourism sector by inviting both local and international investors to develop and manage five of its most iconic tourism destinations under a Public-Private Partnership (PPP) framework. The move, according to officials, aligns with the administration’s Tourism Reset Agenda designed to harness untapped cultural […]
Poor infrastructure choking productivity – NESG
The Nigerian Economic Summit Group (NESG) has raised fresh concerns over the country’s growing infrastructure gaps, warning that poor facilities in transport, power, water, and digital connectivity are stifling productivity, discouraging private investment, and slowing overall economic growth. Nigeria’s infrastructure deficits concern comes ahead of the 31st Nigerian Economic Summit (NES #31), scheduled for October […]
PPP Roundtable: Lagos Pushes for Private Sector Role in Infrastructure Devt
The Lagos State Government has convened a high-level Public-Private Partnership (PPP) Roundtable, reaffirming its commitment to using innovative financing models to bridge Nigeria’s infrastructure gap. Held under the theme “Powering Subnational Development: The Vital Role of PPPs in Delivering Critical Public Infrastructure,” the event brought together key stakeholders from government, international financial institutions, private sector […]
Two Leading Institutes Collaborate to Reset Nigeria’s Development Agenda
In a landmark move aimed at redefining Nigeria’s trajectory of growth, the Institute of Business Culture and Human Capital Preservation Nigeria and the Institute of Development and Political Culture Nigeria have announced a strategic partnership to reset and transform the nation’s development path. The collaboration was unveiled during a press conference held over the weekend […]
FG Seeks ECOWAS-Private Sector Collaboration
The Federal Government of Nigeria has called for strategic collaboration between the private sector and West African governments. This appeal was made by the Minister of Foreign Affairs, Yusuf Tuggar, during a high-level private sector roundtable held in Lagos on Wednesday, ahead of the upcoming West Africa Economic Summit. The event, themed “United Voice: The […]
W’Bank: Tight Monetary Policy to Cut Nigeria’s Inflation to 22.1%
The World Bank has projected that Nigeria’s inflation rate will decline to an average of 22.1 percent in 2025, driven largely by the Central Bank of Nigeria’s (CBN) aggressive monetary tightening aimed at stabilising prices and reinforcing market confidence. This forecast was contained in the latest edition of the Nigeria Development Update (NDU) report titled […]
Nigeria’s Economy to Grow, No Recession in Sight
Nigeria’s economic experts are optimistic about the country’s economic growth prospects, ruling out the possibility of a recession. According to Bismarck Rewane, Chief Executive Officer of Financial Derivatives Company Limited, the economy is showing signs of stability, with seven out of 12 key variables trending positively. However, Rewane warned that higher tax collections and levies […]