Centre for the Promotion of Private Enterprise (CPPE) has urged the Federal Government to ensure that Nigeria’s stronger economic growth translates into more jobs, higher incomes and improved living standards.
Gatekeepers News reports that CPPE made the call in a policy brief on Nigeria’s second-quarter 2026 GDP report by its chief executive officer, Muda Yusuf. The National Bureau of Statistics (NBS) reported that real GDP grew by 4.43 percent year-on-year in Q2 2026, up from 3.89 percent in Q1 and 4.23 percent in Q2 2025.
CPPE described the latest performance as “the strongest quarterly growth in five years”, but said the headline growth figure must be followed by stronger welfare outcomes.
“The GDP report is an encouraging affirmation that the economy is gaining momentum,” CPPE said, adding that the priority should now be to broaden the gains, strengthen employment-intensive sectors and ensure that improving output translates into better living standards.
The group attributed the improved economic performance to factors including greater foreign exchange stability, higher oil output, stronger investor confidence and better corporate performance.
CPPE urged the government to use the improving macroeconomic stability to achieve lower inflation, declining interest rates, reliable electricity and more efficient logistics. It also called for fiscal, monetary, trade and industrial policies to be aligned with competitiveness, productive investment and job creation.
The think tank recommended greater focus on sectors with strong employment and domestic value-chain potential, saying increased investment in such areas would help the economic recovery generate more jobs and business opportunities.
CPPE also identified the power sector as a major constraint to broader economic expansion. It noted that electricity, gas and steam contracted by 10.63 percent in Q2, although the decline was narrower than the 15.30 percent contraction recorded in Q1.
The organisation called for increased investment in electricity generation, transmission and distribution, as well as measures to address gas supply and liquidity challenges.
CPPE said sustaining the reform direction while addressing structural constraints would help Nigeria convert its current economic recovery into higher productivity, employment and household incomes.
