The Nigerian Economic Summit Group (NESG) has warned that Nigeria risks missing out on significant economic growth if it fails to develop the infrastructure necessary for Micro, Small, and Medium Enterprises (MSMEs) to thrive.
In a statement by Ayanyinka Ayanlowo, Acting Head of Strategic Communication & Advocacy at NESG, the group highlighted that the 31st Nigerian Economic Summit will feature a dedicated session titled “Building Infrastructure for Competitiveness.” The session aims to stimulate discussions on the critical role infrastructure plays in enhancing economic efficiency, attracting investment, and improving citizens’ quality of life.
“The Nigerian Economic Summit Group, through this sub-theme, underscores that building competitive infrastructure is not just about physical structures—it is about laying the foundation for inclusive and long-term development,” the statement said.
The NESG emphasized that a well-developed infrastructure system is essential for reducing the cost of doing business, expanding market access, and stimulating job creation across sectors, noting that these elements are crucial for achieving meaningful growth and development.
The statement further noted that inadequate infrastructure in Nigeria—particularly in transport, energy, water, and digital connectivity—has constrained productivity and discouraged private sector participation.
“The focus at NES #31 will therefore be on addressing these deficits and developing practical pathways to infrastructure-led development that unlocks Nigeria’s economic potential,” the NESG added.
