Economic growth must improve livelihoods, says new NESG chair
AI Executive Briefing
Verified Synthesis~60s readThe incoming Chairman of the Nigerian Economic Summit Group, Omoboyede Olusanya, has called for a shift in Nigeria’s economic policy priorities from achieving impressive growth figures to delivering measurable improvements in employment, incomes, productivity and living standards. Olusanya said the country’s economic performance should be assessed by its impact on ordinary Nigerians rather than macroeconomic indicators alone, stressing that recent economic reforms must translate into poverty reduction and expanded opportunities.
Context & Background
- ✦The chairman also pledged to expand economic opportunities across Nigeria’s states, particularly for micro, small and medium enterprises and informal-sector businesses under the Scale Nigeria agenda.
Key Figures & Named Entities
Sunday:According to a statement issued by the NESG on Sunday, he made the call during the closing session of the 32nd Nigerian Economic Summit, held at Transcorp Hilton, Abuja, on October 26 and 27, 2026.2026:He also promised to strengthen research and policy intelligence, with emphasis on practical, evidence-based recommendations aligned with the National Development Plan 2026–2030.2021:Olusanya is the Group Managing Director and Chief Executive Officer of Flour Mills of Nigeria, a position he assumed in January 2021 after serving as the company’s Group Chief Operating Officer.
Outlook & Next Steps
Follow original publisher reporting for subsequent developments, official responses, and verified updates.
Key Takeaways
Verified Extract- The incoming Chairman of the Nigerian Economic Summit Group, Omoboyede Olusanya, has called for a shift in Nigeria’s economic policy priorities from achieving impressive growth figures to delivering measurable improvements in employment, incomes, productivity and living standards.
- Olusanya said the country’s economic performance should be assessed by its impact on ordinary Nigerians rather than macroeconomic indicators alone, stressing that recent economic reforms must translate into poverty reduction and expanded opportunities.
- The chairman also pledged to expand economic opportunities across Nigeria’s states, particularly for micro, small and medium enterprises and informal-sector businesses under the Scale Nigeria agenda.
Key Facts:Sunday: According to a statement issued by the NESG on Sunday, he made the call during the closing session of the 32nd Nigerian Economic Summit, held at Transcorp Hilton, Abuja, on October 26 and 27, 2026.2026: He also promised to strengthen research and policy intelligence, with emphasis on practical, evidence-based recommendations aligned with the National Development Plan 2026–2030.2021: Olusanya is the Group Managing Director and Chief Executive Officer of Flour Mills of Nigeria, a position he assumed in January 2021 after serving as the company’s Group Chief Operating Officer.
Editorial Excerpt
The new NESG Chairman, Omoboyede Olusanya, says Nigeria's economic policy must focus on improving employment, incomes, and living standards for ordinary ci
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
The incoming Chairman of the Nigerian Economic Summit Group, Omoboyede Olusanya, has called for a shift in Nigeria’s economic policy priorities from achieving impressive growth figures to delivering measurable improvements in employment, incomes, productivity and living standards.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Federal Capital Territory, Lagos State, Aliko Dangote.
What timeline or key figures were confirmed?
According to a statement issued by the NESG on Sunday, he made the call during the closing session of the 32nd Nigerian Economic Summit, held at Transcorp Hilton, Abuja, on October 26 and 27, 2026.
