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Home Economy

NESG Flags Infrastructure Deficits as Major Barrier to Nigeria’s Economic Growth

Victoria Emeto by Victoria Emeto
August 22, 2025
in Economy
0
NESG Warns Fuel Subsidy Removal, FX Unification Not Enough for $1 Trillion Economy Goal

The Nigerian Economic Summit Group (NESG) has warned that the country’s persistent infrastructure deficits are a significant obstacle to economic growth, restricting productivity and discouraging investment.

This was disclosed ahead of the 31st Nigerian Economic Summit (NES #31), scheduled for October 6–8, 2025, with the theme: “Building Infrastructure for Competitiveness.” The summit will underscore the critical role of infrastructure in improving economic efficiency, boosting investor confidence, and enhancing citizens’ quality of life.

In a statement issued on Thursday by Ayanyinka Ayanlowo, Acting Head of Strategic Communication & Advocacy at NESG, the group stressed that well-developed infrastructure is vital for lowering the cost of doing business, expanding market access, and creating jobs across sectors.

“In Nigeria, inadequate infrastructure in transport, energy, water, and digital connectivity has constrained productivity and discouraged private sector participation,” the statement read.

The summit aims to bring stakeholders together to design strategies for bridging infrastructure gaps and building a competitive, sustainable economy.

Tags: #InfrastructureDevelopment#NES31#NESG#NigeriaEconomy
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