The 32nd Nigerian Economic Summit has called for a shift from economic stabilisation to policies that deliver jobs, higher incomes, stronger businesses and improved living standards for Nigerians.
The two-day summit, held in Abuja on October 26 and 27, 2026, brought together government officials, business leaders, economists and development partners under the theme, “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity.”
One of the major messages was that improvements in macroeconomic indicators must translate into tangible benefits for households and businesses.
The Chairman of the Nigerian Economic Summit Group (NESG), Niyi Yusuf, acknowledged improvements in some economic indicators but said the reforms had produced mixed outcomes, with significant challenges still affecting businesses and households.
Discussions at the summit highlighted five priority areas: creating jobs, improving local production, attracting investment, expanding economic opportunities across states and strengthening security for businesses and communities.
Participants also emphasised the need to reduce production costs, improve electricity and transport infrastructure, expand access to affordable financing, strengthen technical and vocational education, and support small and medium-sized businesses.
Other recommendations included improving coordination between federal and state governments, expanding digital inclusion, developing regional value chains and making public institutions more accountable for policy implementation.
At the closing session, incoming NESG Chairman Omoboyede Olusanya stressed that economic growth should be measured by its impact on ordinary Nigerians, including better incomes for farmers, decent jobs for graduates, lower production costs for manufacturers and improved access to essential services.
The summit’s central message was that economic reforms must move beyond policy announcements and deliver measurable improvements in productivity, employment and living standards.
