The Nigerian Economic Summit Group (NESG) has called for an improvement in the current state of the country’s security sector to aid the economic growth it desires.
In a statement ahead of the 30th Nigeria Economic Summit (#NES30), the group said the current economic situation is threatening both domestic and foreign investments.
“Security underpins economic stability, enabling businesses to operate without fear of disruption and attracting foreign investments. Addressing the root causes of insecurity, such as poverty, unemployment, and inequality, is essential for creating a stable environment for both citizens and enterprises, NESG said in the statement.
“Subsequently, enhanced security promotes an environment where businesses can thrive, education can flourish, and healthcare can improve, leading to a higher quality of life for all citizens and without these in place, economic progress may not yield the desired results.
“The summit will serve as a platform for meaningful deliberations, emphasising Nigeria’s role in driving the continent’s transformation through institutions, investment, integration, industry growth and innovation just as security, being a critical component of this transformation, will be a key focus area”, the group added.