The NESG stated that continuous assaults on farming communities, oil facilities, electricity infrastructure, and telecommunications networks are diminishing productivity, inflating business expenses, and discouraging long-term capital commitments. The group noted that economic progress will remain elusive without significant improvements in national security.
Key security challenges identified by the NESG include disruptions to agriculture due to banditry, terrorism, and farmer-herder conflicts, which have displaced millions and reduced arable land, exacerbating food insecurity. The group also pointed to crude oil theft, which deprives the nation of substantial export earnings, and vandalism of critical infrastructure like power and telecommunications facilities, which disrupt essential services and commercial activities.
The NESG advocates for a multi-faceted approach that includes economic and social interventions to address the root causes of insecurity, such as poverty and unemployment. They stressed that sustainable security requires collaboration among government bodies, businesses, security agencies, and local communities, asserting that security and development are complementary, not mutually exclusive.
The 32nd Nigerian Economic Summit, scheduled for October 26-27, 2026, will feature a 'Secure Nigeria' dialogue aimed at developing strategies to protect productive activities, infrastructure, and investor confidence.