NESG, Borno govt launch devt fund to boost economy

The Nigerian Economic Summit Group (NESG), in collaboration with key stakeholders, has officially launched the Borno Development Foundation (BDF)—a non-profit organization dedicated to driving sustainable and long-term socioeconomic development in Borno State and Northern Nigeria. The launch, held on Wednesday, marks a significant milestone in NESG’s strategic commitment to deepening regional and subnational engagement as […]

The Nigerian Economic Summit Group (NESG), in collaboration with key stakeholders, has officially launched the Borno Development Foundation (BDF)—a non-profit organization dedicated to driving sustainable and long-term socioeconomic development in Borno State and Northern Nigeria.

The launch, held on Wednesday, marks a significant milestone in NESG’s strategic commitment to deepening regional and subnational engagement as a catalyst for inclusive national economic growth and integration.

Established with the technical support and institutional guidance of the NESG, the BDF is designed to tackle the region’s complex challenges, including post-conflict reconstruction, poverty alleviation, and economic revitalization.

In his welcome remarks, Mr. Mohammed Hayatu-Deen, Chairman of the BDF and founding member of the NESG, described the occasion as an “auspicious moment” and a necessary step in the region’s journey toward peace, stability, and progress.

Reflecting on the decades-long challenges in the North East, he emphasized that the lack of empowerment created a vacuum that led to the massive devastation experienced in recent years.

“This Foundation was born out of necessity and formed by well-meaning individuals committed to restoring Borno’s future. As a former Chairman of the NESG, I understand the power of collaboration in development. Today’s MoU signing is a testament to that belief,” Mr. Hayatu-Deen said.

 

The Chair of the BDF added that .“With NESG’s support, we are equipped not just with tools but with a roadmap, rooted in global best practices but tailored to our local realities,” she said.

 

 

In his remarks, Mr. Niyi Yusuf, Chairman of the NESG, reiterated NESG’s vision of building a modern, inclusive, and stable Nigerian economy, one where no region is left behind.

 

“Over the last decade, we’ve made deliberate efforts to include subnational actors, the development community, and even the judiciary in our reform agenda,” he said.

 

“This partnership ensures development is inclusive across all sectors public, private, and civic space encouraging everyone to contribute time, talent, and resources.” he added.