The Nigerian Economic Summit Group has stated that the country’s infrastructure deficits are a major barrier to its economic growth, limiting productivity and discouraging investment.
This came ahead of the 31st Nigerian Economic Summit (NES #31), scheduled for October 6–8, 2025.
The event will explore “Building Infrastructure for Competitiveness,” underlining the crucial role that infrastructure plays in improving economic efficiency, attracting investment, and enhancing the quality of life for citizens.
In a statement on Thursday by the acting Head of Strategic Communication & Advocacy at NESG, Ayanyinka Ayanlowo, the NESG emphasised that well-developed infrastructure is essential to lowering the cost of doing business, expanding market access, and generating job opportunities across various sectors.
However, Nigeria’s infrastructure deficits, particularly in transportation, energy, water, and digital connectivity, have been significant obstacles to productivity and private sector participation.
The statement read, “A well-developed infrastructure system is essential for reducing the cost of doing business, expanding market access, and stimulating job creation across sectors. In Nigeria, inadequate infrastructure in areas such as transport, energy, water, and digital connectivity has constrained productivity and discouraged private sector participation.”
