The Nigerian Economic Summit Group has urged the government to ensure current economic reforms translate into real growth, stronger productivity, and improved business performance across Nigeria.
The call came during the launch of the Nigerian Private Sector Outlook 2026 report, where Finance Minister Taiwo Oyedele said the country is moving from policy reforms to a stage where measurable results must be achieved.
According to Oyedele, recent reforms have helped stabilise the economy through a more aligned exchange rate, improved fiscal performance, and clearer policy direction. However, he stressed that stability alone is not enough.
He said the real focus now must be on attracting investment, creating jobs, increasing productivity, and improving living standards for Nigerians.
To unlock growth, the minister identified key priorities including policy consistency, reduced cost of doing business, easier access to finance, and better infrastructure. He also warned that sudden policy reversals and mixed signals could damage investor confidence.
NESG Chairman Olaniyi Yusuf said the report comes at a crucial moment and offers guidance for policymakers, investors, and business leaders.
Meanwhile, African Development Bank Nigeria office head Abdul Kamara said Nigeria has recorded improvements in GDP growth, exchange rate stability, and revenue performance. He also disclosed that the bank approved a $1 billion support package for Nigeria’s reforms.
Economists at the event noted that while macroeconomic indicators are improving, many businesses—especially manufacturers—still face weak productivity, high costs, and operational challenges.
