{"id":97388,"date":"2023-10-10T19:27:55","date_gmt":"2023-10-10T18:27:55","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg"},"modified":"2023-10-10T21:56:34","modified_gmt":"2023-10-10T20:56:34","slug":"nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg","title":{"rendered":"Nigeria needs urgent trade expansion to salvage crumbling economy \u2013 NESG"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian Economic Summit Group (NESG) has declared that the country needs strategic trade expansion in non-oil sectors to solve its crumbling economy.<\/p>\n<p>Olusegun Omisakin, Director of Research at NESG, disclosed this in a statement announcing its 29th summit.<\/p>\n<p>Omisakin noted that the country urgently needs to attract domestic and foreign investments into the economy, especially in infrastructure, education, and healthcare.<\/p>\n<p>He explained that a trade expansion strategy will stimulate economic expansion, generate employment opportunities, and drive sustainable development.<\/p>\n<p>\u201cStrategic trade expansion in non-oil sectors with a focus on exports will diversify external revenue sources, reduce reliance on the oil and gas industry and elevate Nigeria\u2019s economic complexity on the global stage.<\/p>\n<p>\u201cAdditionally, it will leverage the potential of the African Continental Free Trade Agreement (AfCFTA), build resilience against external shocks, and forge a more equitable, inclusive, and sustainable economy that benefits all Nigerians,\u201d he stated.<\/p>\n<p>Nigeria\u2019s inflation soared to 25.80 per cent in August. The naira had continued to experience volatility, exchanging between N1010 and N1020 against $1 at the parallel market on Tuesday.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian Economic Summit Group (NESG) has declared that the country needs strategic trade expansion in non-oil sectors to solve its crumbling economy. Olusegun Omisakin, Director of Research at NESG, disclosed this in a statement announcing its 29th summit. Omisakin noted that the country urgently needs to attract domestic and foreign investments [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":97386,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,1315,254],"class_list":["post-97388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nesg","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria needs urgent trade expansion to salvage crumbling economy \u2013 NESG - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Economic Summit Group (NESG) has declared that the country needs strategic trade expansion in non-oil secto ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria needs urgent trade expansion to salvage crumbling economy \u2013 NESG\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Economic Summit Group (NESG) has declared that the country needs strategic trade expansion in non-oil secto ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-10T18:27:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-10T20:56:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696954894.661764.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria needs urgent trade expansion to salvage crumbling economy \u2013 NESG\",\"datePublished\":\"2023-10-10T18:27:55+00:00\",\"dateModified\":\"2023-10-10T20:56:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg\"},\"wordCount\":197,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696954894.661764.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"NESG\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-needs-urgent-trade-expansion-to-salvage-crumbling-economy-nesg\",\"name\":\"Nigeria needs urgent trade expansion to salvage crumbling economy \u2013 NESG - 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