{
  "id": 10683124,
  "title": "Nigeria at 66: CPPE says productivity must replace economic stabilisation",
  "url": "https://urgent.news/2026/09/29/nigeria-at-66-cppe-says-productivity-must-replace-economic",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T11:55:17.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/29/nigeria-at-66-cppe-says-productivity-must-replace-economic-stabilisation/"
  },
  "original_language": "en",
  "account": "On Nigeria's 66th independence anniversary, the Centre for the Promotion of Private Enterprise (CPPE) has urged the government to pivot away from economic stabilisation and towards productivity-driven growth and prosperity. In a recent statement, CPPE's CEO, Dr Muda Yusuf, highlighted that while the nation has diversified its economy, the focus should now shift to increasing output per worker and reducing production costs.\n\nAgriculture, telecommunications, banking, trade, construction, entertainment, digital services, cement, fertiliser, and refining have expanded Nigeria's productive capacity, yet structural constraints continue to hinder productivity. The centre cites unsuccessful attempts at oil dependence, inconsistent policies, and inadequate infrastructure as persistent weaknesses that have exposed the economy to external shocks.\n\nNotably, fluctuations in oil prices have repeatedly impacted government finances and foreign exchange supplies, while recessions, insecurity, the COVID-19 pandemic, and global food and energy shocks have exposed structural vulnerabilities. CPPE acknowledges the positive impact of recent reforms like petrol subsidy removal, foreign exchange reforms, and revenue measures, but argues that these gains have not yet translated into improved household welfare or lower operating costs for businesses.\n\nThe organisation urges the government to prioritise electricity supply, security in farming and commercial areas, port efficiency, logistics, agricultural productivity, industrial competitiveness, and skills development for businesses. CPPE suggests that public support should be linked to investment, efficiency, and export performance. They also call for the coordination of efforts among the three tiers of government, with the Federal Government focusing on macroeconomic stability, national security, electricity, and transport infrastructure; state governments improving land administration, roads, investment approvals, education, and healthcare; and local governments maintaining community infrastructure, providing basic services, and eliminating arbitrary levies on small businesses.",
  "summary": "The Centre for the Promotion of Private Enterprise (CPPE) has called on the Federal Government and other tiers of government to shift economic policy from macroeconomic stabilisation towards productivity-led growth and shared prosperity as Nigeria marks its 66th independence anniversary. The post Nigeria at 66: CPPE says productivity must replace economic stabilisation appeared first on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}