No economic prosperity without security – NESG

The Nigerian Economic Summit Group (NESG) has stated that Nigeria’s desired economic growth may not be achieved unless the government acts on the current insecurity in the country.

In a statement ahead of the 30th Nigeria Economic Summit (#NES30), the group lamented that the current economic situation is threatening both domestic and foreign investments.

It said, “Security underpins economic stability, enabling businesses to operate without fear of disruption and attracting foreign investments. Addressing the root causes of insecurity, such as poverty, unemployment, and inequality, is essential for creating a stable environment for both citizens and enterprises.

“Subsequently, enhanced security promotes an environment where businesses can thrive, education can flourish, and healthcare can improve, leading to a higher quality of life for all citizens and without these in place, economic progress may not yield the desired results,” the NESG said.

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The group added,  “The summit will serve as a platform for meaningful deliberations, emphasising Nigeria’s role in driving the continent’s transformation through institutions, investment, integration, industry growth and innovation just as security, being a critical component of this transformation, will be a key focus area.”