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NESG inaugurates council to champion economic reforms

The Nigerian Economic Summit Group (NESG) has inaugurated its National Economic Advisory Council to strengthen advise to government, fostering inclusive, sustainable and globally competitive Nigerian economy.

A statement by NESG yesterday said the council consists of distinguished economic experts with significant research experience in African and Nigerian economic issues.

“The council will convene quarterly to receive briefings on the Nigerian economy, deliberate on key findings and challenges, and provide strategic advice to the NESG on short, medium, and long-term economic policy advocacy and also extend such advice to the government.

“Additionally, the council will hold an annual retreat to evaluate and refine the NESG Research Agenda and assess its impact on NESG’s advocacy and reform activities,” the statement added.

In his remarks, NESG Chairman Niyi Yusuf emphasised the urgency of inaugurating the Council in light of ongoing economic challenges such as the rapid implementation of fuel subsidies and exchange rate reforms, food insecurity, declining living standards and poor Human Capital Development (HCD) indicators, among others.

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