The Centre for the Promotion of Private Enterprise (CPPE) has urged the Federal Government to ensure that Nigeria’s recent economic growth translates into more jobs, higher incomes and improved living standards for citizens.
The call follows the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS), which showed that Nigeria’s economy grew by 4.43% in the second quarter of 2026.
The figure represents an improvement from the 3.89% growth recorded in the first quarter of the year and the 4.23% recorded in the second quarter of 2025.
While describing the latest growth figures as encouraging, the private-sector advocacy group said the focus should now shift towards ensuring that economic expansion produces tangible benefits for households and businesses.
The CPPE stressed that GDP growth should not be viewed merely as a statistical achievement, but as a means of improving economic opportunities and the welfare of Nigerians.
It called on the government to strengthen policies that support private-sector investment, expand employment opportunities and improve the purchasing power of citizens.
The organisation also urged the government to sustain reforms aimed at creating a more conducive environment for businesses, arguing that a stronger private sector remains critical to generating sustainable jobs and raising household incomes.
Nigeria has faced persistent economic pressures, including rising living costs and weak purchasing power, despite recent improvements in some key economic indicators.
The CPPE therefore said the latest GDP performance should provide an opportunity for the government to deepen measures that can convert economic growth into broader and more inclusive prosperity.
The group’s position comes as policymakers continue to grapple with the challenge of ensuring that headline economic growth is reflected in the everyday experiences of Nigerians.
