The Centre for the Promotion of Private Enterprise, CPPE, says Nigeria’s economic transformation remains incomplete 66 years after independence.
Chief Executive Officer, Dr Muda Yusuf, CPPE says Nigeria has diversified its production but has not sufficiently expanded the range and value of its exports.
The organisation notes that agriculture, manufacturing and small businesses continue to face challenges from poor infrastructure, high energy costs, insecurity and limited access to finance.
CPPE acknowledges recent reforms, including petrol subsidy removal, exchange-rate reforms and revenue measures, for addressing longstanding fiscal and foreign-exchange distortions.
It says real GDP growth rose from 3.38 percent in 2024 to 3.87 percent in 2025 and reached 4.43 percent year-on-year in the second quarter of 2026.
CPPE also notes that headline inflation fell to 15.39 percent in August 2026, while the Central Bank reduced its policy rate to 23 percent in September.
The centre says improved revenues, foreign reserves and exchange-rate stability provide a stronger economic foundation, but have yet to sufficiently ease pressure on households and businesses.
It therefore urges the government to shift from economic stabilisation to a productivity agenda focused on electricity, security, agriculture, ports, logistics, industrial competitiveness and enterprise skills.
CPPE calls on the Federal, State and Local Governments to improve infrastructure, public services, investment processes and accountability while reducing arbitrary levies on small businesses.
The organisation says Nigeria must convert the gains from economic reforms into higher productivity, more productive jobs and improved living standards for citizens.
