Nigeria’s investment levels inadequate for job creation — NESG

The Nigerian Economic Summit Group (NESG) has highlighted that Nigeria's current investment levels are inadequate to create jobs, improve productivity, and deliver broad-based prosperity for its rapidly growing population. The group identified infrastructure deficits, limited access to long-term finance, regulatory uncertainty, and high business costs as factors that have constrained productive investment in the country for decades.

As global competition for investment capital intensifies, the NESG believes that recent economic reforms aimed at stabilizing the macroeconomic environment and improving fiscal sustainability are necessary but insufficient without a corresponding increase in productive investment. The 32nd Nigerian Economic Summit, themed 'Growth that Works: Delivering Jobs, Productivity and Shared Prosperity,' will focus on mobilizing capital for economic expansion and investing in the people required to sustain growth.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.