Nigeria TV Info

NESG: Nigeria Must Shift from Consumption to Production for Economic Growth

The Nigerian Economic Summit Group (NESG) has stressed that the nation’s long-term economic prosperity hinges on a deliberate move from a consumption-driven model to a production-based economy.

To drive this agenda, the NESG announced that the forthcoming 31st Nigerian Economic Summit (NES #31) will be dedicated to charting a roadmap for this critical transition.

According to the group, the summit will convene industry leaders, policymakers, financiers, development partners, and entrepreneurs to discuss strategies for building globally competitive industries rooted in innovation, local content, and robust enabling infrastructure.

The NESG noted that only by prioritising production and value creation can Nigeria achieve sustainable growth, job creation, and global competitiveness.