NESG, U.S. Treasury Discuss Nigeria’s Economic Outlook, Deepen Bilateral Cooperation
NESG, U.S. Treasury Discuss Nigeria's Economic Outlook, Deepen Bilateral Cooperation
NESG, U.S. Treasury Discuss Nigeria’s Economic Outlook, Deepen Bilateral Cooperation
The Nigerian Economic Summit Group (NESG) has held a strategic engagement with a delegation from the United States Department of the Treasury, Office of African Nations, to discuss Nigeria’s macroeconomic outlook and explore opportunities to strengthen economic cooperation between both countries.
The meeting, held on July 2026, focused on Nigeria’s ongoing economic reforms, investment opportunities and strategies for promoting sustainable growth through stronger public and private sector collaboration.
The U.S. Treasury delegation was led by Mr. Patrick L. Stuart, Deputy Director, and included Mr. James McNally, Political Economic Officer, and Ms. Mayowa Obilade, Economist Specialist.
The NESG team was led by its Chief Executive Officer, Dr. Tayo Aduloju, alongside the Deputy Head of Research and Development, Dr. Faith A. Iyoha, and Economist, Mr. Sodik Adejonwo Olofin.
During the engagement, Dr. Iyoha presented an assessment of Nigeria’s economy, highlighting recent macroeconomic developments, key drivers of economic performance and priority areas requiring sustained policy attention.
Participants acknowledged that while the country continues to face significant economic challenges, recent reforms have improved policy direction, strengthened macroeconomic stability and created a more predictable environment for domestic and foreign investment.
The discussions also identified opportunities for expanding U.S.-Nigeria economic cooperation through increased private sector participation, greater investment in strategic sectors of the economy and stronger commercial partnerships capable of driving inclusive growth.
The NESG said the engagement underscored the importance of sustained dialogue with international partners in supporting evidence-based policymaking and promoting long-term economic transformation.
The organisation reaffirmed its commitment to working with development partners and stakeholders to strengthen economic partnerships, advance policy reforms and support initiatives that contribute to Nigeria’s sustainable economic development.
NESG, U.S. Treasury Discuss Nigeria’s Economic Outlook, Deepen Bilateral Cooperation
