CPPE Calls for Energy Cost Stabilization and Affordable Financing to Support Nigerian SMEs Amidst Inflation Moderation

The Centre for the Promotion of Private Enterprise (CPPE) is advocating for the Nigerian government to prioritize stabilizing energy costs and offering affordable financing to aid small and medium-sized enterprises (SMEs) in the face of improving inflation figures. Dr. Muda Yusuf, CEO of CPPE, highlighted the need to address structural bottlenecks to sustain moderate inflation, boost economic growth, and strengthen SMEs.

The Nigerian Bureau of Statistics reported a significant decline in inflation rates, with food inflation decreasing year-on-year. President Bola Tinubu also made an announcement related to the economic situation.