 The Nigerian Economic Summit group has highlighted some of the major factors responsible for Nigeria's economic crisis, as well as preferred solutions to some of them. The private sector, Le'athing Feng and the policy advocacy group and its analysis pointed out that the country is stuck in a confused economic situation, with most economic indicators spiraling out of control, inflicting severe hardship for non-Nigerians. This was made known in a Kaminag issue from the meeting of the board of directors of the NESG held on the 26th of July 2022. The NESG said that the country's economic growth was dominated by sectors with little contributions to outputs and a weak job-creating capacity, while the oil sector remained in recession for eight consecutive causes, with headline inflation at 18.6%, according to the NBS. It also stated that despite high global oil prices, Nigeria is not appropriating the benefits due to the low crude oil production, largely as a result of oil theft and pipeline vandalism, declining investment and divestment caused by oil theft, high cost of production and a hash operating environment.