New Telegraph 
The Nigerian Economic Summit Group (NESG) has inaugurated its National Economic Advisory Council to strengthen its mission of fostering an open, inclusive, sustainable, and globally competitive Nigerian economy, according to a press release.
The statement said that the Council, which was launched on Friday, August 16, 2024, at the NESG office in Abuja, consists of distinguished economic experts with significant research experience in African and Nigerian economic issues.
“The Council will convene quarterly to receive briefings on the Nigerian economy, deliberate on key findings and challenges, and provide strategic advice to the NESG on short, medium, and long-term economic policy advocacy.
Additionally, the Council will hold an annual retreat to evaluate and refine the NESG Research Agenda and assess its impact on NESG’s advocacy and reform activities,” the statement added.
In his remarks, NESG Chairman, Niyi Yusuf, emphasised the urgency of inaugurating the Council in light of ongoing economic challenges such as the rapid implementation of fuel subsidies and exchange rate reforms, food insecurity, declining living standards and poor Human Capital Development (HCD) indicators, among others.
He said: “Nigeria has encountered various economic and political obstacles in recent years, underscoring the urgent need to redesign its systems and address structural issues.
One of Nigeria’s pressing concerns is translating economic growth into improved lives and livelihood of all its citizens. Despite experiencing growth, the country grapples with income disparity, multidimensional poverty and working poverty.
