Omoboyede Olusanya, who has assumed the role of Chairman of the National Economic Council (NESG), has stated that Nigeria’s economic policy must prioritize the tangible improvement of employment, incomes, and living standards for ordinary citizens.
The new NESG Chairman emphasized that macroeconomic growth figures alone are insufficient if they do not translate into better livelihoods for the population. He argued that the primary objective of the council’s mandate should be to ensure that economic expansion directly benefits the general public.
Olusanya’s comments highlight a shift in focus toward inclusive economic development, suggesting that policy frameworks need to be evaluated based on their impact on household welfare rather than aggregate national statistics.
The National Economic Council serves as a key advisory body in Nigeria, coordinating economic policies across various government agencies to ensure consistency and effectiveness in the country’s economic management.
By placing livelihoods at the center of the economic agenda, the new leadership of the NESG signals an intent to address the disconnect between high-level economic indicators and the daily realities faced by many Nigerians.
<small>Source: Punch Nigeria — read the original story there.</small>
