Nesg urges fg to take active steps in growing economy
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NESG Urges FG to Take Active Steps in Growing Economy
The Nigerian Economic Summit Group (NESG) has called on the Federal Government to take proactive steps to stimulate economic growth and development in the country. The group made this call during its 26th Nigerian Economic Summit, which was held recently in Abuja.
According to the NESG, the Nigerian economy is facing significant challenges, including a high level of unemployment, inflation, and a widening trade deficit. The group attributed these challenges to a lack of effective economic policies and a failure to diversify the economy.
The NESG urged the government to take immediate action to address these challenges, including:
- Implementing policies that promote economic diversification and industrialization.
- Improving the business environment to attract foreign investment and stimulate entrepreneurship.
- Enhancing infrastructure development to support economic growth.
- Implementing policies that promote job creation and reduce unemployment.
- Improving the country's tax system to increase revenue and reduce corruption.
The group also called for the establishment of a sovereign wealth fund to manage the country's oil wealth and ensure that it is used for the benefit of future generations.
The NESG's call comes at a time when the Nigerian economy is facing significant challenges, including a decline in oil prices and a rise in inflation. The group's recommendations are aimed at stimulating economic growth and development in the country, and ensuring that the economy is diversified and sustainable in the long term.