Tuesday, May 30, 2023

Group releases 2020 macroeconomic outlook report for Nigeria, sets agenda on growth, job creation

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tiamin rice

The Nigerian Economic Summit Group, NESG, has released its macroeconomic outlook report for 2020, setting priority for accelerated growth, job creation and poverty reduction.

While unveiling the report on Wednesday, the chairman of the board of the NESG, Asue Ighodalo stated that the NESG recognises the importance of engagement for the growth of the Nigerian economy.

According to him, that is why the 2020 Macroeconomic outlook report focuses on the sectors Nigeria should prioritise for growth and accelerated development in the new decade.

Also speaking at the event, the group’s Chief Executive Officer, ‘Laoye Jaiyeola stated that this year’s report took a deep dive approach to fix Nigeria’s poverty problem.

“To step up the inclusive growth narrative, our Macroeconomic Outlook for 2020 takes a deep dive approach to fix Nigeria’s poverty problem through accelerated economic growth and job creation as a precursor to inclusive economic growth,” Mr Jaiyeola said.

He revealed that the Macroeconomic outlook is expected to provide a review of the Nigerian economy in 2019 and also provide an outlook for 2020.

DAILY NIGERIAN reports that the report focuses on job creation as a means of lifting millions of Nigerians out of poverty.

The NESG is a private sector-led think-tank and policy advocacy group based in Nigeria.

The NESG promotes sustainable growth and the development of the Nigerian economy.

It is also a non-profit, non-partisan and apolitical organization, with the mandate to champion the reform of the Nigerian economy into an open, private sector-led economy that is globally competitive on a sustainable basis.

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