Weak institutions undermines govt reforms – NESG

The Nigerian Economic Summit Group has warned that weak institutions will continue to undermine the reforms of the current efforts, noting that strengthening institutions is central to ensuring sustainable national transformation. In a statement by Acting Head of Strategic Communication and Advocacy, Ayanyinka Ayanlowo yesterday, NESG stressed that as Nigeria prepares for the 31st Nigerian […]

The Nigerian Economic Summit Group has warned that weak institutions will continue to undermine the reforms of the current efforts, noting that strengthening institutions is central to ensuring sustainable national transformation.

In a statement by Acting Head of Strategic Communication and Advocacy, Ayanyinka Ayanlowo yesterday, NESG stressed that as Nigeria prepares for the 31st Nigerian Economic Summit (NES #31), from October 6–8, a key sub-theme: “Strengthening Institutions for Sustainable Impact,” has been identified as pivotal to our reform agenda.

“Institutions are not merely bureaucratic structures; they are the bedrock of social progress and economic vitality. They shape citizens’ experiences, create an enabling environment for investment, and ensure laws are enforced with fairness and consistency.

“However, weak institutions undermine reform efforts by eroding public confidence, stifling innovation, delaying service delivery, and creating room for corruption. Also, policy reversals and regulatory inconsistencies in Nigeria are often rooted in institutional fragility,” the NESG said

It added that the discussions will build on NESG’s framework of Reforms, Resilience, Results, which places institutional capability at the core of national development.

The NESG further stated that the focus of the theme will be on institutional independence and capacity-building for non-partisan and competent governance.