# Nigeria economic and social development initiatives > Live situation record from CLSTR: https://clstr.news/situations/nigeria-economic-and-social-development-initiatives > Updated: 2026-08-17T09:48:08.000Z. Sources: 4. Developments: 2. In July 2026, the Africa Social Impact Summit (ASIS) was held in Lagos, focusing on the theme “Financing for Development: Building Resilience and Transforming Emerging Economies”. During the summit, Governor Babajide Sanwo-Olu advocated for new financing models involving partnerships between governments, the private sector, and development finance institutions to address Africa’s significant Sustainable Development Goals financing gap. Banji Oyelaran-Oyeyinka of the Africa Social Impact Network noted the necessity of manufacturing-driven industrialisation to support a rapidly growing labour force. By August 2026, Nigeria continued hosting various economic and social development initiatives. These included an industrialisation and competitiveness forum by the Nigerian Economic Summit Group (NESG) and the 6th annual MSME & Startup Economic Summit in Lagos, which addressed digitalisation and non-oil revenue. Concurrently, the Debt Management Office offered N425 billion in Federal Government bonds, and the NNPC Limited/FIRST E&P Joint Venture launched ‘Impact FIRST: Heritage’, a grant programme for Nigerian NGOs focused on accountability and social impact. ## Timeline ### 2026-08-17: Nigeria hosts economic forums and social impact initiatives Nigeria hosts several economic initiatives this week, including an NESG industrialisation forum, an MSME digitalisation summit, and a N425 billion bond auction, alongside new social impact grants. 4 sources. https://clstr.news/cluster/nigeria-hosts-economic-forums-and-social-impact-initiatives ### 2026-07-24: Lagos hosts Africa Social Impact Summit urging innovative financing partnerships The 2026 Africa Social Impact Summit in Lagos called for innovative financing partnerships to close Africa’s development funding gap and boost manufacturing‑driven growth. 2 sources. https://clstr.news/cluster/lagos-hosts-africa-social-impact-summit-urging-innovative-financing-partnerships --- Cite as: Nigeria economic and social development initiatives. CLSTR, https://clstr.news/situations/nigeria-economic-and-social-development-initiatives