NESG Advises FG To Fix Insecurity To Attract Investors
The Nigerian Economic Summit Group (NESG) has urged the Federal Government to take action to tackle insecurity across the country. By doing so, it will be able to retain existing investors while attracting new ones.
A key recommendation of the group’s research is “Sectoral Development: Assessing the Conditions that drive Youth Employment in Key Sectors of the Nigerian economy”
Among other things, the research, an output of the African Economic Research Consortium, aims to determine trends in youth employment and economic growth in Nigeria.
The findings of the research were presented at a research dissemination workshop held in Abuja on Tuesday.
Speaking at the event, the Chief Executive Officer of the Group, Laoye Jaiyeola said that the high rate of youth unemployment in the country was linked to the high incidence of young people’s involvement in social vices such as militancy, kidnapping, political thuggery, armed robbery, prostitution and other forms of unproductive activities.
He noted that the findings of the study emphasise the need for sectoral reforms in critical sectors such as manufacturing, the services sector, trade, education, health, among others.
Besides addressing the issue of insecurity, the NESG also advocated for private-public partnership to attract investors into the country and create an environment that encourages employment, especially for the youth population.
