CPPE: Nigeria's Manufacturing Sector Revival Hinges on Risk Management and Stability
The Center for Promoting Private Enterprise (CPPE) emphasized that Nigeria's manufacturing sector revival post-2026 relies on effectively managing structural risks and ensuring macroeconomic stability. Dr. Muda Yusuf, the Chief Executive Officer of CPPE, outlined the importance of addressing bottlenecks in energy, logistics, and ports for sustained growth.
The sector's outlook is optimistic with expected improvements in macroeconomic fundamentals supporting better manufacturing outcomes, especially through reforms to enhance competitiveness and reduce reliance on foreign exchange. Challenges include inadequate infrastructure, high energy costs, regulatory issues, and unfair competition from cheap imports.
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