NESG, Stakeholders Launch Devt Foundation To Drive Socioeconomic Recovery

The Nigerian Economic Summit Group (NESG), in partnership with key stakeholders, on Wednesday launched the Borno Development Foundation (BDF), a non-profit organization aimed at driving long-term socioeconomic development in Borno State and Northern Nigeria.

The launch event, held in Abuja on April 23, 2025, marks a strategic move by the NESG to deepen regional engagement as a catalyst for inclusive national economic growth.

The BDF, established with technical support from the NESG, is designed to address post-conflict reconstruction, poverty alleviation, and economic revitalization in the North East. Its core focus areas include education, healthcare, livelihood support, institutional development, and community rebuilding, with particular attention to vulnerable groups such as internally displaced persons (IDPs), women, and youth.

Chairman of the BDF, Mohammed Hayatu-Deen, described the Foundation as a necessary response to the region’s long-standing challenges, stating that it was “born out of necessity” and built on collaboration to restore Borno’s future.

NESG chairman, Niyi Yusuf, emphasized that the partnership aligns with the group’s long-standing commitment to inclusive reforms that involve subnational actors and all sectors of society.

Dr. Tayo Aduloju, NESG CEO, said the MoU signed at the event provides a framework for institutional support, policy advocacy, joint programme implementation, and resource mobilization.

He added that the collaboration is aimed at unlocking the region’s human capital potential and ensuring meaningful and lasting impact.

As part of the partnership, NESG and BDF will co-host an Annual Northern Economic Summit to foster dialogue, promote investment, and strengthen regional economic integration.

The Foundation is also expected to extend NESG’s reach and deepen public-private collaboration in the North.