Nigeria underutilising its economic potential – NESG

The Nigerian Economic Summit Group (NESG) has stated that the country is underutilising its economic potential on the African continent and globally and called for collaboration among stakeholders to achieve desired economic results.

In a release Tuesday by NESG ahead of the 30th economic summit, it stated that, “Nigeria’s economic performance has a profound impact on the broader African region due to its size, influence, and interconnectedness. The country’s large domestic market, abundant natural resources, and significant corporate footprints make it a key player in the continent’s economic dynamics.

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“As the most populous country in Africa, Nigeria’s economic health influences consumption, investment, and trade patterns across the region.

“The 30th edition of the Nigerian Economic Summit, is poised to facilitate groundbreaking discussions that will influence the nation’s economic policies and strategies. Also, the theme, “ Collaborative Action for Growth, Competitiveness and Stability”, underscores the importance of collaborative action among all stakeholders as both governments, businesses, civil society, and international partners must synergize their efforts to address Nigeria’s and Africa’s socioeconomic challenges. “