How to deepen Nigeria’s industrialisation drive – NESG
The Nigerian Economic Group (NESG) has stated that Nigeria cannot achieve its industrialisation target by mere rhetoric as it requires adequate collaboration with the private sector and policies that support businesses growth. As a result, the NESG said it will dedicate the upcoming 31st Nigerian Economic Summit (NES #31) to charting Nigeria’s industrial transition by […]
The Nigerian Economic Group (NESG) has stated that Nigeria cannot achieve its industrialisation target by mere rhetoric as it requires adequate collaboration with the private sector and policies that support businesses growth.
As a result, the NESG said it will dedicate the upcoming 31st Nigerian Economic Summit (NES #31) to charting Nigeria’s industrial transition by gathering industry leaders, policymakers, financiers, development partners, and entrepreneurs. In a statement issued yesterday in Abuja, Acting Head of Strategic Communication and Advocacy at the NESG, said the decision to invite such a broad range of stakeholders was informed by the urgent need to reposition Nigeria’s economy for sustainable growth.
“Nigeria’s path to prosperity hinges on its ability to transition from a consumption-driven to a production-based economy.
“The journey to industrialisation requires more than rhetoric—it demands intentional collaboration across the public and private sectors.
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“Industrialisation is not limited to setting up factories but is about fostering a national productivity ecosystem where skilled labour, reliable infrastructure, accessible finance, and supportive policies combine to generate wealth and opportunities for millions of Nigerians.” Ayanlowo said.