The Nigerian Economic Summit Group (NESG) has raised concerns about the impact of insecurity on the country’s economic growth. According to a report by Tribune Online, NESG warned that insecurity is a major threat to Nigeria’s economic development. The group made this statement during the 2026 Kaduna Investment and Economic Development Forum (KIEDF).
While details about the specific areas of the economy affected by insecurity were not provided in the report, it is evident that the ongoing security challenges in various parts of the country are having a negative impact on businesses and investments.
This warning by NESG aligns with a previous report by Punch Newspapers, which stated that insecurity is a major threat to investment and economic growth in Nigeria. The report noted that the persistent insecurity in the country is driving away both local and foreign investors.
With insecurity continuing to escalate in Nigeria, it is crucial for the government to take decisive action to ensure the safety and security of citizens and businesses. Failure to do so could lead to further economic decline, as businesses and investments are deterred by the volatile security situation.
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